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 finished-goods inventory and a credit to work-in-process inventory: department a.
b. a debit to finished-goods inventory and a credit to work-in-process inventory.
c. a debit to work-in-process inventory and a credit to finished-goods inventory.
d. a debit to work-in-process inventory: department b and a credit to work-in-process inventory: department a.
e. a debit to work-in-process inventory: department a and a credit to work-in-process inventory: department b.

d. a debit to Work-in-Process Inventory: Department B and a credit to Work-in-Process Inventory: Department A.

Explanation:

The journal entry is shown below:

Work in progress inventory - Department B A/c Dr

           To Work in progress inventory - Department A A/c

(Being the completed production is recorded)

For recording, we debited the Work-in-Process Inventory - Department B Account and credited the Work-in-Process Inventory - Department A Account so that the correct posting can be done

due to the changes the federal reserve is making the unused reserves will impact the economy by them facing inflation. inflation is definfed as the increase in pricing of a good or service but the decline of the value of money used for purchasing those items. when the economy has a high inflation rate, they are subject to money loss and hurt on the economy.