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Baker Company Manufactures Phones in a Two-Department Process That Involve

Question 102

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Baker Company manufactures phones in a two-department process that involve Assembly and Finishing.The Assembly Department reported the follow data for the past month: Baker Company manufactures phones in a two-department process that involve Assembly and Finishing.The Assembly Department reported the follow data for the past month:     The partially complete units at the end of the month were 100 percent complete with respect to materials and 75 percent complete with respect to conversion costs.The journal entry to record the units completed and transferred to the Finishing Department includes ________. A) debit to Work-in-Process Inventory,Finishing for $862,848 B) credit to Work-in-Process Inventory,Finishing for $862,848 C) debit to Work-in-Process Inventory,Assembly for $887,040 D) credit to Work-in-Process Inventory,Assembly for $887,040 Baker Company manufactures phones in a two-department process that involve Assembly and Finishing.The Assembly Department reported the follow data for the past month:     The partially complete units at the end of the month were 100 percent complete with respect to materials and 75 percent complete with respect to conversion costs.The journal entry to record the units completed and transferred to the Finishing Department includes ________. A) debit to Work-in-Process Inventory,Finishing for $862,848 B) credit to Work-in-Process Inventory,Finishing for $862,848 C) debit to Work-in-Process Inventory,Assembly for $887,040 D) credit to Work-in-Process Inventory,Assembly for $887,040 The partially complete units at the end of the month were 100 percent complete with respect to materials and 75 percent complete with respect to conversion costs.The journal entry to record the units completed and transferred to the Finishing Department includes ________.


A) debit to Work-in-Process Inventory,Finishing for $862,848
B) credit to Work-in-Process Inventory,Finishing for $862,848
C) debit to Work-in-Process Inventory,Assembly for $887,040
D) credit to Work-in-Process Inventory,Assembly for $887,040

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