Under which of the following situations is Finished Goods Inventory debited and Work-in- Process Inventory account credited?

Question

Quizplus · Accepted Answer

Finished Goods Inventory is debited and Work-in-Process Inventory account is credited when goods are transferred from the production floor to the finished goods storeroom. This is because the goods are no longer in the production process and have been completed.

Under Which of the Following Situations Is Finished Goods Inventory