Question

The work in process account is credited when​

Answer 1

Answer:

Work-In-Process (WIP) refers to the materials that have started the production process, but have not yet been completed. The WIP goods that have been completed during the accounting period are credited to the WIP inventory account and debited to the finished goods inventory account.

Answer 2

Explanation:

ANSWER ✍️

You can think of work-in-process (WIP) inventory as the goods that are on the factory floor. As the WIP goods become completely manufactured, their cost will be credited to the WIP account and will be debited to the Finished Goods Inventory account.

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