The journal entry to record the transfer of 1,600 units of Part No. 1177, with a value of $2.50 each, to work in process is

Question

Quizplus · Accepted Answer

The correct journal entry to record the transfer of materials to work in process is to debit Work in Process and credit Materials for the total value of the materials transferred. In this case, 1,600 units at $2.50 each equals $4,000. Therefore, Work in Process is debited and Materials is credited for $4,000.

The Journal Entry to Record the Transfer of 1,600 Units