ABC Produces Ping-Pong Balls Using a Three-Step Sequential Process That

question 24

Multiple Choice

ABC produces ping-pong balls using a three-step sequential process that includes molding, colouring and finishing. When the balls and associated costs are transferred out of the colouring process and into the finishing process, the journal entry would include a

• A) debit to WIP inventory- colouring and a credit to WIP-finishing.
• B) debit to WIP inventory- finishing and a credit to WIP-colouring.
• C) debit to Finished Goods inventory and a credit to WIP-colouring.
• D) debit to WIP inventory- colouring and a credit to Finished Goods inventory.

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Definitions:

Complex Brain

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A thumb that can be moved freely and independently to touch the other fingers on the same hand, allowing for precise manipulation of objects.

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