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17 March, 07:56

Mulligan, Inc., which uses a process-cost accounting system, passes completed production from Department A to Department B for further manufacturing. The journal entry to record completed production in Department A requires: (A) a debit to Work-in-Process Inventory and a credit to Finished-Goods Inventory (B) a debit to Finished-Goods Inventory and a credit to Work-in-Process Inventory (C) a debit to Finished-Goods Inventory and a credit to Work-in-Process Inventory: Department A (D) a debit to Work-in-Process Inventory: Department A and a credit to Work-in-Process Inventory: Department B (E) a debit to Work-in-Process Inventory: Department B and a credit to Work-in-Process Inventory: Department A.

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  1. 17 March, 11:16
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    Answer: (E) a debit to work-in-process inventory: Department B and a credit to work-in-process inventory:Department A
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