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
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Question

Quizplus · Accepted Answer

The entry follows the correct format of transferring completed units from Work in Process Inventory, Finishing Dept. to Finished Goods Inventory. The cost of $74,000 is also correctly recorded.

The Finishing Department Transferred Out Completed Units with a Cost