The cost of goods manufactured is recorded with a debit to the Work-in-Process Inventory account and a credit to the Cost of Goods Manufactured account.

Question

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The cost of goods manufactured is recorded with a debit to the Finished Goods Inventory account and a credit to the Work-in-Process Inventory account, reflecting the transfer of completed goods out of production into finished inventory.

The Cost of Goods Manufactured Is Recorded with a Debit