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Garcia Manufacturing has two processesColoring and Mixing. The company assigned $390,000 to the 4,000 gallons of paint transferred from Mixing Department to Finished Goods Inventory.
Garcia Manufacturing has two processesColoring and Mixing. The company assigned $390,000 to the 4,000 gallons of paint transferred from Mixing Department to Finished Goods Inventory. Th journal entry to record this assignment of cost is O A. debit Finished Goods Inventory, $390,000; credit Work-in - Process InventoryMixing, $390,000 OB. debit Work - in - Process Inventory-Mixing, $390,000; credit Finished Goods Inventory, $390,000 OC. debit Cost of Goods Sold, $390,000; credit Finished Goods Inventory, $390,000 OD. debit Finished Goods Inventory, $390,000; credit Cost of Goods Sold, $390,000
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