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:

Hamburger

a popular food item consisting of a cooked patty of ground meat, usually beef, placed inside a sliced bread roll or bun.

Monthly Income

The total earnings received on a monthly basis from all sources such as employment, investments, and entitlements.

Beer

An alcoholic beverage made from fermentation of cereal grains, commonly barley, with hops for flavoring.

Price

The price to be paid to secure a good, service, or asset.