Scully Products Ltd

question 51

Multiple Choice

Scully Products Ltd., which uses a process-costing system, transfers completed production from Department no. 1 to Department no. 2 for further work. Which of the following best describes the account that would be debited to record this transfer?

• A)Cost of Goods Sold.
• B)Finished-Goods Inventory: Department no. 1.
• C)Finished-Goods Inventory: Department no. 2.
• D)Work-in-Process Inventory: Department no. 1.
• E)Work-in-Process Inventory: Department no. 2.