As units are completed,their cost is transferred from the Work in Process Inventory account to the Finished Goods Inventory account.

Question

Quizplus · Accepted Answer

This statement is true. When units are completed, their cost is transferred from the Work in Process Inventory account to the Finished Goods Inventory account. This reflects the fact that the units are now ready for sale and have become part of the company's inventory of finished products.

As Units Are Completed,their Cost Is Transferred from the Work