The entry to record patent amortization of $4,500 embedded in a product is as follows:
a. Work-in-Process Inventory . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,500
Patent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,500
b. Finished Goods Inventory . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,500
Patent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,500
c. Work-in-Process Inventory . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,500
Allowance for Amortization of Patent . . . . . . . . . . . . . . . . . . . . . . . . . 4,500
d. Finished Goods Inventory . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,500
Allowance for Amortization of Patent . . . . . . . . . . . . . . . . . . . . . . . . . 4,500
e. none of the above
A
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