Griswold, Inc

question 78

Multiple Choice

Griswold, Inc., 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 Transferred.
• 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.

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