Assume a Company Uses Process Costing and Has Several Processing

Multiple Choice

Assume a company uses process costing and has several processing departments.When goods are transferred from Department X to Department Y,the journal entry requires a Debit to ________ and a Credit to ________.

A) Work-In-Process Inventory-Department X; Work-In-Process Inventory-Department Y
B) Finished Goods Inventory; Work-In-Process Inventory-Department Y
C) Cost of Goods Sold; Finished Goods Inventory
D) Work-In-Process Inventory-Department Y; Work-In-Process Inventory-Department X