At Jenquay Corporation the journal entry to transfer completed goods to the finished goods inventory account would include a

Question

Quizplus · Accepted Answer

The correct entry to transfer completed goods to finished goods inventory is to debit the finished goods inventory account and credit the work in process inventory account. The amount debited to finished goods should match the cost of the completed goods, which is $248,900.

At Jenquay Corporation the Journal Entry to Transfer Completed Goods