To Transfer Work in Process Inventory to Finished Goods Inventory

question 1

Multiple Choice

To transfer work in process inventory to finished goods inventory:

• A) debit finished goods and credit work in process
• B) debit work in process and credit finished goods
• C) add direct labour to the work in process inventory
• D) add direct labour and direct material to the finished goods inventory

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Definitions:

Functional Design

The aspect of design focused on the practical, functional aspects of a product or system, ensuring it meets the user's needs.

Product Design

The process of creating and developing a new product to be offered to customers, focusing on its features, functionality, appearance, and usability.

Network Design

Network design involves planning and configuring the layout of interconnected devices and systems to ensure effective communication and data exchange.

Communication

The process of exchanging information, ideas, thoughts, and feelings through verbal or non-verbal means.