if-a-company-completes-10000-worth-of-inventory-what-is-the-correct-journal-entr

Question

If a company completes $10,000 worth of inventory, what is the correct journal entry?

Accepted Answer

Debit Finished Goods Inventory $$10,000; Credit Work in Process Inventory 10$$,000

Answer

Debit Raw Materials Inventory $$10,000; Credit Finished Goods Inventory 10$$,000

Answer

Debit Finished Goods Inventory $$10,000; Credit Raw Materials Inventory 10$$,000

Answer

Debit Work in Process Inventory $$10,000; Credit Finished Goods Inventory 10$$,000

If a company completes \$10,000 worth of inventory, what is the correct journal entry?