Question
2. Company XYZ just finished production on 1,000 units of in process inventory. Which of the following best describes the journal entry to account for
2. Company XYZ just finished production on 1,000 units of in process inventory. Which of the following best describes the journal entry to account for this completion. A. Debit Finished Goods & Credit Work in Progress
B. Credit Finished Goods & Debit Work in Progress
C. Debit Finished Goods & Credit Raw Materials
D. Credit Finished Goods & Debit Raw Materials
E. None of the Above
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Financial Accounting
Authors: Anne Britton, Christopher Waterston
3rd Edition
027365859X, 978-0273658597
