Michael Paints Has Two Processes-Coloring Department and Mixing Department

question 10

Multiple Choice

Michael Paints has two processes-Coloring Department and Mixing Department. Michael assigned $385,000 to the 5,500 gallons of paint transferred from Mixing Department to Finished Goods Inventory. The journal entry to record completion of processing is:

• A)debit Work-in-Process Inventory-Mixing, $385,000; credit Finished Goods Inventory, $385,000.
• B)debit Finished Goods Inventory, $385,000; credit Cost of Goods Sold, $385,000.
• C)debit Cost of Goods Sold, $385,000; credit Finished Goods Inventory, $385,000.
• D)debit Finished Goods Inventory, $385,000; credit Work-in-Process Inventory-Mixing, $385,000.

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Definitions:

Plasticity

The tendency of new parts of the brain to take up the functions of injured parts.

Brain Compensate

The process by which the brain adjusts or alters its function in response to damage, injury, or developmental issues.

Dendrites

Extensions of neurons that receive messages from other neurons and are essential for processing information in the brain.

Redundancy

The state of being not or no longer needed or useful, often due to duplication.