Respuesta :
A company maintains as many Work In Process as the number of processes it uses.
Journal Entry :
Work In Process- Firing
Work In Process- Mixing
The costs of the transferred out goods from mixing dept in addition
to its own direct material, labor and overhead would be added to
firing dept.
What is Work in process
Work in process, work in development, goods in procedure, or in-system stock refers to a corporation's partially completed items waiting for of entirety and eventual sale, or the value of those objects. The time period is utilized in supply chain control, and WIP is a key enter for calculating inventory on a organization's stability sheet.
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