Fun Stuff Manufacturing Produces Frisbees Using a Three-Step Process That

question 112

Multiple Choice

Fun Stuff Manufacturing produces frisbees using a three-step process that includes molding, coloring and finishing. Which account is credited when the frisbees are totally completed?

• A)WIP inventory-finishing
• B)Finished goods inventory
• C)Manufacturing overhead
• D)WIP inventory-coloring

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Definitions:

Business Organization

The structure of a company or entity, including its formation, operations, and management, and the relationships among its various stakeholders.

Manager-Managed LLC

A limited liability company in which the management is specifically designated to one or more managers, rather than being managed by all members.

Managers

Individuals responsible for controlling or administering all or part of a company or similar organization.

Members

Individuals or entities that are part of an organization or group and typically have certain rights, privileges, or responsibilities associated with membership.