Flying High Manufacturing produces frisbees using a three-step process that includes molding, coloring and finishing. Which account is credited when the frisbees are totally completed?
A)WIP Inventory-Finishing
B)Finished Goods Inventory
C)Manufacturing Overhead
D)WIP Inventory-Coloring

Question

Quizplus · Accepted Answer

When frisbees are completed, the cost is transferred from WIP Inventory-Finishing to Finished Goods Inventory, so WIP Inventory-Finishing is credited.

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