Morewell Inc

Morewell Inc.has two processes-Coloring Department and Mixing Department.The company assigned $385,000 to the 5,500 gallons of paint transferred from Mixing Department to Finished Goods Inventory.The journal entry to record completion of processing is ________.

A) debit Work-in-Process Inventory-Mixing,$385,000; credit Finished Goods Inventory,$385,000
B) debit Finished Goods Inventory,$385,000; credit Cost of Goods Sold,$385,000
C) debit Cost of Goods Sold,$385,000; credit Finished Goods Inventory,$385,000
D) debit Finished Goods Inventory,$385,000; credit Work-in-Process Inventory-Mixing,$385,000