The cost of goods manufactured is recorded with a debit to the Finished Goods Inventory account and a credit to the Work-in-Process Inventory account.

Question

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The cost of goods manufactured is the total cost of making and completing products during a period, and it is credited to the Work-in-Process Inventory account while being debited to the Finished Goods Inventory account.

The Cost of Goods Manufactured Is Recorded with a Debit