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bezimeni [28]
3 years ago
8

Baxter Company produces​ children's wiffle ball sets using a threeminusstep sequential process that includes​ molding, coloring

and finishing. When the sets are completely​ finished, out of which account should the cost be​ transferred?A) Finished Goods Inventory
B) WIP InventoryWIP Inventory-Coloring
C) WIP InventoryWIP Inventory-Finishing
D) WIP InventoryWIP Inventory-Molding
Business
1 answer:
anyanavicka [17]3 years ago
5 0

Answer:

C) WIP InventoryWIP Inventory-Finishing

Explanation:

Cost of WIP is transferred through Molding to Coloring to the last process of the production finishing. After completing the finishing the balls are ready and the cost is transferred from WIP InventoryWIP Inventory-Finishing to Finished goods Inventory. So, the correct answer is C) WIP InventoryWIP Inventory-Finishing.

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Answer:

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Explanation:

As Professor Adam Grant suggests, sunk costs have an important effect on our decisions, but there are three factors that influence us even more: anticipated regret ("will I regret it if I don't give the project another chance?"), project completion ("if I continue to invest, I will finish the project successfully") and the threat of ego ("if I do not continue betting on the project, I will seem a failure"

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