When the packaging function

When the packaging function - General Journal Date Account...

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When the packaging function (department) completes its work, the product is ready to be sold. The  costs of the completed products are then transferred from work-in-process inventory-packaging to  finished goods inventory. This transfer also requires a journal entry. 
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Unformatted text preview: General Journal Date Account Title and Description Ref. Debit Credit 20X2 June 30 Finished Goods Inventory XXX (K) Work-in-Process Inventory-Packaging XXX Transfer to finished goods inventory...
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This note was uploaded on 11/16/2011 for the course ACCT 2310 taught by Professor Staff during the Spring '09 term at Texas State.

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