Department 1 completed work on 500 units and transferred them to Department 2. T
ID: 2412902 • Letter: D
Question
Department 1 completed work on 500 units and transferred them to Department 2. The cost of the units was? $750. What is the journal entry to record the? transfer?
Date
Accounts and Explanation
Debit
Credit
A.
Work-in-Process Inventory-Dept. 2
750
Cost of Goods Sold
750
B.
Work-in-Process Inventory-Dept. 2
750
Work-in-Process Inventory-Dept. 1
750
C.
Cost of Goods Sold
750
Work-in-Process Inventory-Dept. 1
750
D.
Work-in-Process Inventory-Dept. 1
750
Work-in-Process Inventory-Dept. 2
750
Date
Accounts and Explanation
Debit
Credit
Explanation / Answer
Journal entry :
So answer is b)
Date account & explanation debit credit Work in process inventory-Dept 2 750 Work in process inventory-Dept 1 750Related Questions
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