Record the transfer of inventory from the manufacturing

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Reference no: EM133588202

Question: In July, Zell had 10,000 IPS-5000 panels in the warehouse before starting 95,000 units and completing 80,000 units. The beginning work in process inventory consisted of $50,000 in materials and $85,000 in conversion costs before $160,000 of materials and $185,000 of conversion costs were added during the month.

The ending WIP inventory was 100% complete regarding materials and 40% complete regarding conversion costs. Record the transfer of inventory from the manufacturing department to the finished goods department

Reference no: EM133588202

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