Suppose that finished units are now in the last (final) department. To which account will the cost of the finished units flow from the Work-in-Process Inventory account?
A) Sales
B) Expenses
C) Cost of Goods Sold
D) Finished Goods Inventory

Question

Quizplus · Accepted Answer

The cost of finished units flows from the Work-in-Process Inventory account to the Finished Goods Inventory account before they are sold.

Suppose That Finished Units Are Now in the Last (Final)