In a Process Cost System,the Cost of Completed Production in Department

question 48

Multiple Choice

In a process cost system,the cost of completed production in Department 1 is transferred to Department 2 by which of the following entries?

• A) debit Work in Process - Department 2,credit Cost of Goods Sold Department 1.
• B) debit Finished Goods,credit Work in Process Department 2.
• C) debit Work in Process Department 2,credit Finished Goods Department 1.
• D) debit Work in Process Department 2,credit Work in Process Department 1.