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

question 50

Multiple Choice

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

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Definitions:

Gestalt

A theory in psychology that emphasizes the perception of the whole being greater than the sum of its parts, stressing the importance of context and patterns.

Perception

The process by which individuals interpret and organize sensory information to understand the environment.

Affective Learning Domain

An area of learning that involves the education of emotions, attitudes, and values.

Attitudes

Attitudes are the psychological tendencies expressed by evaluating a particular entity with some degree of favor or disfavor.