Garcia Manufacturing Has Two Processes-Coloring and Mixing

Multiple Choice

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 ________.

A) debit Work-in-Process Inventory-Mixing, $390,000; credit Finished Goods Inventory, $390,000
B) debit Finished Goods Inventory, $390,000; credit Cost of Goods Sold, $390,000
C) debit Cost of Goods Sold, $390,000; credit Finished Goods Inventory, $390,000
D) debit Finished Goods Inventory, $390,000; credit Work-in-Process Inventory-Mixing, $390,000