When good are completed in a manufacturing company,
A) Work in Process Inventory is debited and Finished Goods Inventory is credited.
B) Finished Goods Inventory is debited and Work in Process Inventory is credited.
C) Cost of Goods Sold is debited and Work in Process Inventory is credited.
D) Cost of Goods Sold is debited and Finished Goods Inventory is credited.
E) Work in Process Inventory is debited and Cost of Goods Manufactured is credited.
Correct Answer:
Verified
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