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    moel0004's Avatar
    moel0004 Posts: 3, Reputation: 1
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    #1

    Sep 7, 2012, 03:41 PM
    How to journalize work in process for accounting
    Manufactoring records show $4,935,000 of raw material transferred to work in process. How do I journalize that?
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
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    #2

    Sep 7, 2012, 03:45 PM
    You are dealing with a transfer between two inventories
    moel0004's Avatar
    moel0004 Posts: 3, Reputation: 1
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    #3

    Sep 7, 2012, 03:47 PM
    Quote Originally Posted by paraclete View Post
    you are dealing with a transfer between two inventories
    So would this be right?

    Work in Process 4,935,000
    Raw Materials $4,935,000
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
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    #4

    Sep 8, 2012, 09:40 PM
    Depending upon which you consider the debit and which your consider the credit
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