The Finishing Department transferred out completed units with a cost of $74,000.This transfer should be recorded with the following entry:

Name: The Finishing Department transferred out completed units with a cost of $74,000.This transfer should be recorded with the following entry:
Brand: Quizplus
Rating: 4.8 (40 reviews)

Question

Quizplus · Accepted Answer

Transferring completed units out of a department would result in a debit to Finished Goods inventory and a credit to Work in Process inventory for the same amount. Therefore, the entry should be recorded.

The Finishing Department Transferred Out Completed Units with a Cost