The journal entry to record the completion of goods includes:
A) a debit to Conversion Costs.
B) a debit to Work in Process Inventory.
C) a debit to Finished Goods Inventory.
D) a debit to Cost of Goods SolD.
When goods are completed, their cost is debited to Finished Goods Inventory and credited to Work in Process Inventory.

Question

Quizplus · Accepted Answer

When goods are completed, their cost is debited to Finished Goods Inventory and credited to Work in Process Inventory. Therefore, a debit is made to Finished Goods Inventory.

The Journal Entry to Record the Completion of Goods Includes