When goods are completed in the production process, they are transferred from
A) Work-In-Process Inventory to Finished Goods Inventory.
B) Raw Materials Inventory to Work-In-Process Inventory.
C) Finished Goods inventory to Cost of Goods Sold.
D) Finished goods Inventory to Work-In-Process Inventory.

Question

Quizplus · Accepted Answer

When goods are completed in the production process, they are transferred from Work-In-Process Inventory to Finished Goods Inventory, as they are now ready for sale.

When Goods Are Completed in the Production Process, They Are