Flying High Manufacturing Produces Frisbees Using a Three-Step Process That

question 124

Multiple Choice

Flying High Manufacturing produces frisbees using a three-step process that includes molding, coloring and finishing. Which account is debited 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:

Specific Gravity

A measurement of the density of a substance compared to water. Specific gravity tests are performed on battery acid and coolant.

Model Year

The year assigned to a vehicle by its manufacturer indicating the marketing period it was made for, which may not necessarily coincide with the year it was manufactured.

Vehicle Identification Number

A unique code, including a serial number, used by the automotive industry to identify individual motor vehicles.

Tenth Digit

In the context of vehicle identification numbers (VIN), the tenth digit represents the model year of the vehicle.