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

question 26

Multiple Choice

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-Coloring and a credit to WIP-Finishing.
• B)debit to Finished Goods Inventory and a credit to WIP Coloring.
• C)debit to WIP Inventory-Finishing and a credit to WIP Coloring.
• D)debit to WIP Inventory-Coloring and a credit to Finished Goods Inventory.

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Definitions:

Access Ramp

A sloped surface designed to allow people with disabilities to enter or exit buildings.

Horizontally

In a direction parallel to the horizon or to the x-axis in a plane coordinate system.

Horizontal Distance

Horizontal distance is the measure of length between two points along a straight line that runs parallel to the x-axis in a coordinate plane.

Pitch

A presentation or proposal designed to persuade or inform its audience.