Department 1 completed work on 500 units and transferred them to Department 2. The cost of the
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?
Transcribed Image Text:
Date Accounts and Explanation a. Work-in-Process Inventory-Dept. 1 Work-in-Process Inventory-Dept. 2 Work-in-Process Inventory-Dept. 2 b. C. d. Work-in-Process Inventory-Dept. 1 Work-in-Process Inventory-Dept. 2 Cost of Goods Sold Cost of Goods Sold Work-in-Process Inventory-Dept. 1 Debit 750 750 750 750 Credit 750 750 750 750
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Related Book For
Horngrens Accounting The Managerial Chapters
ISBN: 9781292105871
11th Global Edition
Authors: Tracie L. Miller-Nobles, Brenda L. Mattison, Ella Mae Matsumura
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