A journal entry debiting Work-in-Process would normally NOT be accompanied by a credit to
A)Materials Inventory.
B)Finished Goods.
C)Overhead Control.
D)Wages Payable.

Question

Quizplus · Accepted Answer

A journal entry debiting Work-in-Process would typically involve crediting Materials Inventory, Overhead Control or Wages Payable, as these are the accounts that contribute to the cost of production. However, Finished Goods would not be credited since it represents completed products that are ready for sale, which means that they have already been manufactured and the cost has already been accounted for.

A Journal Entry Debiting Work-In-Process Would Normally NOT Be Accompanied