Question: Thompson Manufacturing uses a process costing system with multiple production departments. At the start of the current period, $80,000 in costs had been carried forward
Thompson Manufacturing uses a process costing system with multiple production departments. At the start of the current period, $80,000 in costs had been carried forward and assigned to partially completed inventory in Department A. Resources totaling $72,000 were consumed in the current period to complete those units. An additional 17,000 units were started and completed during the current period at a cost of $18 per equivalent unit. The summary journal entry required to transfer completed units from Department A to Department B in the current period includes a: (Select all that apply.) Multiple select question. $526,000 credit to Work in Process Department A. $526,000 debit to Work in Process: Department B. $458,000 debit to Work in Process: Department B. $458,000 credit to Work in Process: Department A
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