The journal entry to record the ultimate completion of the units would include a credit to Finished Goods Inventory.

Name: The journal entry to record the ultimate completion of the units would include a credit to Finished Goods Inventory.
Brand: Quizplus
Rating: 4.8 (31 reviews)

Question

Quizplus · Accepted Answer

The journal entry to record the ultimate completion of units typically includes a debit to Finished Goods Inventory, not a credit, as it reflects the transfer of costs from Work in Process to Finished Goods.

The Journal Entry to Record the Ultimate Completion of the Units