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

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

Quizplus · Accepted Answer

When the units are completed and ready for sale, they are transferred from Work in Progress Inventory to Finished Goods Inventory. Therefore, the journal entry to record the ultimate completion of the units would include a debit to Finished Goods Inventory.

The Journal Entry to Record the Ultimate Completion of the Units