A Transfer of $30,000 from the Assembly Department to the Packaging

question 172

Multiple Choice

A transfer of $30,000 from the assembly department to the packaging department would require the entry of a

• A)debit to finished goods inventory.
• B)debit to WIP inventory-assembly.
• C)credit to WIP inventory-assembly.
• D)credit to raw materials inventory.

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Definitions:

Centimetres

A unit of length in the metric system, equal to one hundredth of a metre.

Ages

The length of time that a person or thing has existed.

Track and Field Team

A group of athletes who participate in track and field events, which may include running races, jumping, and throwing disciplines.

Case Prices

The cost of a product or commodity when purchased in bulk quantities for each case.