ABC produces ping-pong balls using a three-step sequential ...

[c0205847]

ABC produces ping-pong balls using a three-step sequential process that includes molding, colouring and finishing.  When the balls and associated costs are transferred from the molding process to the colouring process, which account is debited?
◦ WIP inventory-finishing
◦ WIP inventory-molding
◦ Raw materials inventory
◦ WIP inventory-colouring

[14vl19]

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[cmoore54]

ABC produces ping-pong balls using a three-step process that includes molding, colouring and finishing. Which account is debited when the balls are totally completed?
◦ Manufacturing overhead
◦ WIP inventory-finishing
◦ Finished goods inventory
◦ WIP inventory-colouring

[TheNamesImani]

Finished goods inventory

[pragya sharda]

ABC produces ping-pong balls using a three-step process that includes molding, colouring and finishing.  Which of the following accounts is credited when manufacturing overhead is applied?
◦ Accumulated amortization, office equipment
◦ Manufacturing Overhead
◦ WIP inventory-finishing
◦ Indirect salaries payable

[onowka]

Manufacturing Overhead

[robinn137]

ABC produces ping-pong balls using a three-step process that includes molding, colouring and finishing.  Which of the following accounts is credited for direct labour used during the molding process?
◦ WIP inventory-molding
◦ Wages payable
◦ Manufacturing overhead
◦ Raw materials inventory

[tanna.moeller]

Wages payable

[karlynnae]

ABC produces ping-pong balls using a three-step sequential process that includes molding, colouring and finishing.  When the balls and associated costs are transferred out of the colouring process and into the finishing process, the journal entry would include a
◦ debit to WIP inventory- colouring and a credit to WIP-finishing.
◦ debit to Finished Goods inventory and a credit to WIP-colouring.
◦ debit to WIP inventory- colouring and a credit to Finished Goods inventory.
◦ debit to WIP inventory- finishing and a credit to WIP-colouring.

[asdfghjkl;]

debit to WIP inventory- finishing and a credit to WIP-colouring.