Which account do the costs of completed products move to after Work-in-Process Inventory?
A) Sales
B) Expenses
C) Cost of Goods Sold
D) Finished Goods Inventory

Question

Quizplus · Accepted Answer

After products have been completed, they move to Finished Goods Inventory, which is where the costs of the completed products are also recorded. Once the finished goods are sold, their costs are then recorded in Cost of Goods Sold.

Which Account Do the Costs of Completed Products Move to After