Work - General Journal Date Account Title and Description...

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Work-in-process accounting At the end of the period, entries are needed to record the cost of the products moved from one  function (department) to another. In this example, costs are moved from work-in-process inventory- preparation to work-in-process inventory-baking and from work-in-process inventory-baking to work- in-process inventory-packaging. This is how the entries would look: 
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Unformatted text preview: General Journal Date Account Title and Description Ref. Debit Credit 20X2 June 30 Work-in-Process Inventory-Baking XXX (I) Work-in-Process Inventory-Preparation XXX Transfer June costs to Baking (J) Work-in-Process Inventory-Packaging XXX Work-in-Process Inventory-Baking XXX Transfer June costs to Packaging...
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Work - General Journal Date Account Title and Description...

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