Flying High Manufacturing produces frisbees using a three-step sequential process that includes molding, coloring and finishing. When the frisbees and associated costs are transferred out of the coloring process and into the finishing process, the journal entry would include a O A. debit to Finished Goods Inventory and a credit to WIP Inventory - Coloring O B. debit to WIP Inventory - Coloring and a credit to Finished Goods Inventory OC. debit to WIP Inventory - Finishing and a credit to WIP Inventory - Coloring. OD. debit to WIP Inventory - Coloring and a credit to WIP Inventory - Finishing