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Sew Lovely is a company that manufactures high-end silk scarves. These scarves are offered in several uniquely designed patterns that change seasonally. The head accountant
Sew Lovely is a company that manufactures high-end silk scarves. These scarves are offered in several uniquely designed patterns that change seasonally. The head accountant is looking at the numbers for the month of August and is focused on the movement between the dying and sewing departments. He has compiled the following information about the dying department: August 1 Work-in-Progress (WIP) Inventory (Dying): $703 Added Silk: $6,404 Conversion Costs (CC): $8,200 August 31 WIP Inventory (Dying): $4,302 According to this information, what journal entry would Sew Lovely use to recognize the transfer of costs from the Dying to the Sewing department? O WIP Inventory-Sewing WIP Inventory-Dying O WIP Inventory-Sewing WIP Inventory-Dying O WIP Inventory-Dying WIP Inventory-Sewing O WIP Inventory-Dying WIP Inventory-Sewing 11,005 15,307 15,307 11,005 11,005 15,307 15,307 11,005
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