Fisher Manufacturing uses a standard cost system.Data on standard costs and actual costs are as follows:

*allocated based on direct labor hours

*allocated on the basis of direct labor hours
Give the journal entry to transfer the cost of units from Work-in-Process Inventory to Finished Goods Inventory.

Question

Fisher Manufacturing uses a standard cost system.Data on standard costs and actual costs are as follows:

*allocated based on direct labor hours
  
*allocated on the basis of direct labor hours
Give the journal entry to transfer the cost of units from Work-in-Process Inventory to Finished Goods Inventory.

Quizplus · Accepted Answer

The Answer of Fisher Manufacturing uses a standard cost system.Data on standard costs and actual costs are as follows:

*allocated based on direct labor hours
  
*allocated on the basis of direct labor hours
Give the journal entry to transfer the cost of units from Work-in-Process Inventory to Finished Goods Inventory.

Fisher Manufacturing Uses a Standard Cost System