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Home Q & A Board Other Fields Homework Help Business Accounting
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7 years ago
Winnie, Inc. has two processesColoring Department and Mixing Department. The company assigned $390,000 to the 6,000 gallons of paint transferred from Mixing Department to Finished Goods Inventory. The journal entry to record completion of processing is ________.
A) debit Cost of Goods Sold, $390,000; credit Finished Goods Inventory, $390,000
B) debit Finished Goods Inventory, $390,000; credit Work-in-Process InventoryMixing, $390,000
C) debit Finished Goods Inventory, $390,000; credit Cost of Goods Sold, $390,000
D) debit Work-in-Process InventoryMixing, $390,000; credit Finished Goods Inventory, $390,000
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Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
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Deprecated Author
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7 years ago
Makes perfect sense, thx
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