$\backslash$table$[[$Beginning work in process,$0],[$Units started and completed,$40,000],[$Ending work in process,$8,000]]$

Required:

Roland's ending work in process is $100$ percent complete for materials and $30$ percent complete for conversion. Roland uses the weighted$-$average costing method and has computed direct materials cost per equivalent unit of $$10$ and conversion cost per equivalent unit of $$24.$

Prepare the journal entry to transfer the cost of completed units to Finished Goods Inventory.

Note: If no entry is required for a transaction$/$event$,$ select $"$No Journal Entry Required" in the first account field.

Journal entry worksheet

A

Record the cost of completed units transferred to Finished Goods Inventory.

Note: Enter debits before credits.

$\backslash$table$[[$S$.$No$/$Date$,$Account Title,Debit,Credit$],[1,,,],[,,,],[,,,],[,,,],[,,,]]$