The journal entry to record the ultimate completion of the units would include a debit to the WIP Inventory account of the last sequential production department.

Question

Quizplus · Accepted Answer

The journal entry to record the ultimate completion of units typically includes a debit to Finished Goods Inventory and a credit to Work in Process (WIP) Inventory, reflecting the move from WIP to finished goods, not a debit to WIP Inventory.

The Journal Entry to Record the Ultimate Completion of the Units