Construction
Transferring WIP to Finished Goods
Recording the completion of production and moving costs from Work-in-Process to Finished Goods inventory.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Finished Goods Inventory | Asset (+) | 15,000.00 | - |
| Work-in-Process (WIP) | Asset (-) | - | 15,000.00 |
💡 Accountant's Note
This represents the 'Cost of Goods Manufactured'. It moves all accumulated material, labor, and overhead into the final salable product.
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