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bernie2981 bernie2981
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Posts: 3810
8 years ago
Fun Stuff Manufacturing produces frisbees using a three-step sequential process that includes molding, coloring and finishing. When the frisbees and associated costs are transferred out of the coloring process and into the finishing process, the journal entry would include a
A) debit to WIP Inventory-Finishing and a credit to WIP Coloring.
B) debit to Finished Goods Inventory and a credit to WIP Coloring.
C) debit to WIP Inventory-Coloring and a credit to Finished Goods Inventory.
D) debit to WIP Inventory-Coloring and a credit to WIP-Finishing.
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
Author:
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nucleinuclei
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8 years ago
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bernie2981 Author
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8 years ago
Answers my question perfectly.
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