ournal entries? Work in Process-Department B and credit Work in rtment A Finished Goods-Department A and credit Work in tment B
ournal entries? Work in Process-Department B and credit Work in rtment A Finished Goods-Department A and credit Work in tment B
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![In a process cost system, the cost of completed production in
Department A is transferred to Department B by which of the
following journal entries?
a.
debit Work in Process Department B and credit Work in Process-
Department A
b. debit Finished Goods-Department A and credit Work in Process-
Department B
debit Work in Process Department B and credit Cost of Goods Sold-
Department A
Oc.
Od. debit Work in Process-Department B and credit Finished Goods-
Department A](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fae65326f-1aec-436f-bd95-4f0c169b975a%2F0bcea852-3398-429e-983c-f4f44350b34c%2F3cs8je4_processed.jpeg&w=3840&q=75)
Transcribed Image Text:In a process cost system, the cost of completed production in
Department A is transferred to Department B by which of the
following journal entries?
a.
debit Work in Process Department B and credit Work in Process-
Department A
b. debit Finished Goods-Department A and credit Work in Process-
Department B
debit Work in Process Department B and credit Cost of Goods Sold-
Department A
Oc.
Od. debit Work in Process-Department B and credit Finished Goods-
Department A
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
Step 1
In process cost system, goods are manufactured under multiple processes before they complete. They move from one department to another until they are finished
When a dept finishes its process on the good, it does not complete the good . It only completes its process . The good is complete when it finishes all the processes.
Step by step
Solved in 2 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
![FINANCIAL ACCOUNTING](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781259964947/9781259964947_smallCoverImage.jpg)
![Accounting](https://www.bartleby.com/isbn_cover_images/9781337272094/9781337272094_smallCoverImage.gif)
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
![Accounting Information Systems](https://www.bartleby.com/isbn_cover_images/9781337619202/9781337619202_smallCoverImage.gif)
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
![FINANCIAL ACCOUNTING](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781259964947/9781259964947_smallCoverImage.jpg)
![Accounting](https://www.bartleby.com/isbn_cover_images/9781337272094/9781337272094_smallCoverImage.gif)
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
![Accounting Information Systems](https://www.bartleby.com/isbn_cover_images/9781337619202/9781337619202_smallCoverImage.gif)
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
![Horngren's Cost Accounting: A Managerial Emphasis…](https://www.bartleby.com/isbn_cover_images/9780134475585/9780134475585_smallCoverImage.gif)
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
![Intermediate Accounting](https://www.bartleby.com/isbn_cover_images/9781259722660/9781259722660_smallCoverImage.gif)
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
![Financial and Managerial Accounting](https://www.bartleby.com/isbn_cover_images/9781259726705/9781259726705_smallCoverImage.gif)
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education