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Managerial Accounting

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Account Impacted by Manufacturing Activity: Completion

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MGRACT-IKKSQ2

When a manufacturing firm completes the manufacturing process for a batch of units, what does the journal entry to record the completion include?

A

An increase to Finished Goods Inventory.

B

An increase to Work-In-Process Inventory.

C

A decrease to Finished Goods Inventory.

D

An increase to Cost of Goods Sold.