The cost of production of completed and finished goods during the peri.docx
The cost of production of completed and finished goods during the period amounted to $ 400,000 and the finished products shipped to customers had total production costs of $ 337,000. From the following, select the entry to record the transfer of costs from work in process to finished goods. A. Finished Goods        337,000 Work in Process           337,000 B. Finished Goods        400,000 Work in Process            400,000 C. Work in Process        400,000 Finished Goods           400,000 D. Work in Process        337,000 Finished Goods           337,000 Solution A. Finished Goods        337,000 Work in Process           337,000 this question is asking to transfer costs from work in process so W.I.P will be credit by the amount of cost & to transfer into finished goods account so the account of finished goods will be debited. .
The cost of production of completed and finished goods during the peri.docx
The cost of production of completed and finished goods during the period amounted to $ 400,000 and the finished products shipped to customers had total production costs of $ 337,000. From the following, select the entry to record the transfer of costs from work in process to finished goods. A. Finished Goods        337,000 Work in Process           337,000 B. Finished Goods        400,000 Work in Process            400,000 C. Work in Process        400,000 Finished Goods           400,000 D. Work in Process        337,000 Finished Goods           337,000 Solution A. Finished Goods        337,000 Work in Process           337,000 this question is asking to transfer costs from work in process so W.I.P will be credit by the amount of cost & to transfer into finished goods account so the account of finished goods will be debited. .
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The cost of production of completed and finished goods during the peri.docx
- 1. The cost of production of completed and finished goods during the period amounted to $ 400,000 and the finished products shipped to customers had total production costs of $ 337,000. From the following, select the entry to record the transfer of costs from work in process to finished goods. A. Finished Goods        337,000 Work in Process           337,000 B. Finished Goods        400,000 Work in Process            400,000 C. Work in Process        400,000 Finished Goods           400,000 D. Work in Process        337,000 Finished Goods           337,000 Solution A. Finished Goods        337,000 Work in Process           337,000 this question is asking to transfer costs from work in process so W.I.P will be credit by the amount of cost & to transfer into finished goods account so the account of finished goods will be debited.