Describe the work in process inventory account and include:

1. What transactions include a debit to the work in process inventory account.

2. What transactions include a credit to the work in process inventory account.

No Credit Account Titles and Explanation Raw material inventory Account payable Debit 650,000 650,000 b. Factory labor 275,000 275,000 C. Manufacturing overhead 410,000 Accumulated depreciation equipment Account payable 275,000 135,000 d. Work in process inventory Manufacturing overhead Raw material inventory 435,000 105,000 540,000 e. Work in process inventory Manufacturing overhead Factory labor 230,000 45,000 275,000 f. 460,000 Work in process inventory Manufacturing overhead 460,000 8 Finished goods inventory Work in process inventory 650,000 650,000 h. 975,000 Cash Sales revenue 975,000 650,000 Cost of goods sold Finished goods inventory 650,000 1. 100,000 Cost of goods sold Manufacturing overhead 100,000