Fun Stuff Manufacturing produces frisbees using a three-step sequential process that includes molding,coloring and finishing.When the frisbees and associated costs are transferred from the molding process to the coloring process,which account is debited?

Question

Quizplus · Accepted Answer

When frisbees and their associated costs are transferred from the molding process to the coloring process, the account that is debited is the Work in Process Inventory account for the coloring process. Therefore, the correct choice is B, WIP Inventory-Coloring.

Fun Stuff Manufacturing Produces Frisbees Using a Three-Step Sequential Process