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

Question

Quizplus · Accepted Answer

When units are completed, they are transferred from the Work in Process Inventory account to the Finished Goods Inventory account, which increases the value of the latter. Therefore, a debit entry is made to the Finished Goods Inventory account to record the ultimate completion of the units.

The Journal Entry to Record the Ultimate Completion of the Units