Question

Job costing 1680000 to manufacture according to their job cost sheet were completed during the year pass the journal entry

Answer 1

Date Account Title Debit Credit

XX-XX-XX Finished Goods $1,680,000

Work in Process $1,680,000

The good would be transferred at cost to the Finished goods account which would be debited to show its increase.

Work in Process will be credited to show that the job is being taken from it.