Missouri Can Corporation (MCC) manufactures and sells a variety of can types, such as soft drink cans, oil cans and many others.MCC has adopted a functional organization structure that includes departments for accounting, marketing, manufacturing, human resources and information systems.MCC's manufacturing department is subdivided into fabrication and finishing; the fabrication function manufactures generic cans, while the finishing function customizes those cans for specific customers.If a journal entry in MCC's accounting information system includes a credit to "work in process-finishing," the corresponding debit is likely to be:
A) work in process-fabrication
B) cost of goods sold
C) finished goods
D) cash
Correct Answer:
Verified
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