The following journal entry would be made in a processing costing system when units that have been completed in the final processing department are transferred to the finished goods warehouse: 
Definitions:
Net Operating Income
The profit calculated after all operating expenses are subtracted from total revenue but before interest and taxes are deducted.
Ending Inventory
The total value of all inventory a company still has on hand at the end of an accounting period, including raw materials, work-in-process, and finished goods.
Variable Production Costs
Costs that vary with the level of output production, including expenses like raw materials and direct labor.
Ending Inventory
The total value of all inventory a company has in stock at the end of an accounting period.
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