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Author Question: ABC produces ping-pong balls using a three-step sequential process that includes molding, colouring ... (Read 628 times)

c0205847

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on: Jan 5, 2020
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
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Marked as best answer by c0205847 on Jan 5, 2020

14vl19

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Reply #1 on: Jan 5, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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cmoore54

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Reply #2 on: Jan 5, 2020
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

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Reply #3 on: Jan 5, 2020
Finished goods inventory


pragya sharda

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Reply #4 on: Jan 5, 2020
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

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Reply #5 on: Jan 5, 2020
Manufacturing Overhead


robinn137

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Reply #6 on: Jan 5, 2020
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

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Reply #7 on: Jan 5, 2020
Wages payable


karlynnae

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Reply #8 on: Jan 5, 2020
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;

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Reply #9 on: Jan 5, 2020
debit to WIP inventory- finishing and a credit to WIP-colouring.


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