Gulliver, Inc

question 74

Multiple Choice

Gulliver, Inc., which uses a process-costing system, transfers completed production from Department no. 1 to Department no. 2 for further work. Which of the following best describes the account that would be debited to record this transfer?

• A) Cost of Goods Transferred.
• B) Finished-Goods Inventory: Department no. 1.
• C) Finished-Goods Inventory: Department no. 2.
• D) Work-in-Process Inventory: Department no. 1.
• E) Work-in-Process Inventory: Department no. 2.

---

Definitions:

Linear Perspective

A technique in drawing and painting that creates the illusion of depth on a flat surface by converging parallel lines towards a single vanishing point on the horizon.

Interposition

A cue for depth perception where one object overlaps another, which then appears further away.

Interposition

A visual cue that one object is closer than another due to the overlapping of objects, which helps in perceiving depth.

Linear Perspective

A technique in art and photography that creates the illusion of depth and volume on a flat surface by depicting objects smaller as their distance from the observer increases.