Hibury Company has two sequential processing departments: Assembly then Shaping. The Shaping Department reports the following information. Conversion costs are applied evenly throughout the process. 
What would have been the journal entry to record the transfer of product from the assembly department to the shaping department?
Definitions:
Cooling-Off Rule
A Federal Trade Commission rule under which sales of consumer goods or services over $25 made away from the seller’s regular place of business may be canceled within three business days after the sale occurs.
Entered Completely
A term that implies that data or information has been fully inputted into a system or document without omissions.
Risk-Adaptability Analysis
An assessment method used to evaluate the flexibility and responsiveness of a system, organization, or project to potential risks.
Social Consensus
An agreed-upon understanding among members of a society on various issues and norms.
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