The Journal Entry to Record the Completion of Goods Includes

question 67

Multiple Choice

The journal entry to record the completion of goods includes:

• A) a debit to Conversion Costs.
• B) a debit to Work in Process Inventory.
• C) a debit to Finished Goods Inventory.
• D) a debit to Cost of Goods SolD.
• When goods are completed, their cost is debited to Finished Goods Inventory and credited to Work in Process Inventory.

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Definitions:

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