Which of the following would be used to transfer the cost of completed goods during the period to the Finished Goods account?

Question

Quizplus · Accepted Answer

Completed goods are transferred from the Work in Process Inventory account to the Finished Goods account at the end of the production process. This is done by crediting the Work in Process Inventory account and debiting the Finished Goods account. Therefore, the answer choice that involves a credit to Work in Process Inventory is the correct option.

Which of the Following Would Be Used to Transfer the Cost