The Journal Entry to Record the Completion of Goods Includes

question 24

Multiple Choice

The journal entry to record the completion of goods includes:

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

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Definitions:

Id's Pleasure-Seeking Energies

The component of the human psyche in Freudian psychology associated with instinctual urges and drives for immediate gratification.

Psychosexual Stages

The childhood stages of development (oral, anal, phallic, latency, genital) during which, according to Freud, the id’s pleasure-seeking energies focus on distinct erogenous zones.

Archetypes

Fundamental, universal symbols or patterns that recur in myths, stories, and dreams, representing common human experiences.

Oedipus Complexes

The Oedipus complex is a concept in psychoanalytic theory referring to a child's feelings of desire for their opposite-sex parent and jealousy and rivalry with their same-sex parent.