The cost of goods manufactured is recorded as a debit to the Work in process account.

Name: The cost of goods manufactured is recorded as a debit to the Work in process account.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The cost of goods manufactured is recorded as a debit to the Finished Goods account, not the Work in Process account. The Work in Process account is debited during the manufacturing process, and upon completion, the costs are transferred out to the Finished Goods account.

The Cost of Goods Manufactured Is Recorded as a Debit