In job-order costing,the journal entry to record the completion of units in process would include a Debit to Finished Goods Inventory.

Question

Quizplus · Accepted Answer

When units in process are completed under job-order costing, their cost is transferred from Work in Process Inventory to Finished Goods Inventory. Therefore, the journal entry to record the completion of units in process includes a debit to Finished Goods Inventory.

In Job-Order Costing,the Journal Entry to Record the Completion of Units