When a job has been completed,the goods are transferred from the production department to the finished goods warehouse and the journal entry would include a credit to Work in Process.

Question

Quizplus · Accepted Answer

This is true because when a job is completed, the cost of the goods produced is transferred from the Work in Process account to the Finished Goods account. So, there would be a credit to the Work in Process account in the journal entry.

When a Job Has Been Completed,the Goods Are Transferred from the Production