1. Diaz Company uses process costing in its two processing departments⎯Assembly and Finishing. If the Assembly Department completes a batch of products with production costs of $30,000 and moves it to the Finishing Department, which one of the following journal entries would be made to record this transaction?
a) WIP Inventory - Finishing 30,000
WIP Inventory - Assembly 30,000
b) WIP Inventory - Assembly 30,000
WIP Inventory - Finishing 30,000
c) Finished Goods Inventory 30,000
WIP Inventory - Assembly 30,000
d) WIP Inventory - Assembly 30,000
Cost of Goods Sold 30,000
e) None of the answer choices is correct