cassiemyers60
26.12.2019 •
Business
Mulligan, inc., which uses a process-cost accounting system, passes completed production from department a to department b for further manufacturing. the journal entry to record completed production in department a requires:
a. a debit to finished-goods inventory and a credit to work-in-process inventory: department a.
b. a debit to finished-goods inventory and a credit to work-in-process inventory.
c. a debit to work-in-process inventory and a credit to finished-goods inventory.
d. a debit to work-in-process inventory: department b and a credit to work-in-process inventory: department a.
e. a debit to work-in-process inventory: department a and a credit to work-in-process inventory: department b.
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Ответ:
d. a debit to Work-in-Process Inventory: Department B and a credit to Work-in-Process Inventory: Department A.
Explanation:
The journal entry is shown below:
Work in progress inventory - Department B A/c Dr
To Work in progress inventory - Department A A/c
(Being the completed production is recorded)
For recording, we debited the Work-in-Process Inventory - Department B Account and credited the Work-in-Process Inventory - Department A Account so that the correct posting can be done
Ответ: