Answer:
d. Finished Goods Inventory
Work In Process Inventory
Explanation:
In the production process when goods raw materials enter into the factory, they are considered as work in process.
On completion from the factory the raw materials that were in work in process are now converted to finished goods.
Inventory is an asset account, and assets is debited when it increases and credited when it reduces.
When all goods have been converted to finished goods there is increase in finished goods inventory, so
1. Debit finished goods inventory
Raw materials in work in process has been converted to finished goods, so the entry for WIP is
2. Credit work in process inventory
