Business, 08.07.2019 21:20 ayoismeisalex

Garcia manufacturing has two processes-coloring and mixing. the company assigned $390,000 to the 6000 gallons of paint transferred from mixing department to finished goods inventory. the journal entry to record this assignment of cost is debit finished goods inventory, $390,000; credit work-in-process inventory-mixing, $390,000 debit work-in-process inventory-mixing, $390,000; credit finished goods inventory, $390,000 debit finished goods inventory, $390,000; credit cost of goods sold, $390,000 debit cost of goods sold, $390,000; credit finished goods inventory, $390,000

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Garcia manufacturing has two processes-coloring and mixing. the company assigned $390,000 to the 600...

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