Top Posters
Since Sunday
8
p
4
h
4
c
4
d
3
3
c
3
t
3
u
3
A
3
B
3
j
3
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
Deprecated Deprecated
wrote...
Go to Answer
Posts: 2784
Rep: 104 0
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
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
Read 296 times
2 Replies
Replies
Answer verified by a subject expert
Mrgo-breedMrgo-breed
wrote...
#1
Top Poster
Posts: 2227
Rep: 276 0
7 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

Deprecated Author
wrote...
#2
7 years ago
Makes perfect sense, thx
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  999 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 439
  
 460
  
 281
Your Opinion
What's your favorite coffee beverage?
Votes: 302
Previous poll results: Does a gender wage gap exist in America?