In job-order costing,the journal entry for a completed job costing $7,000 but not sold is:

Name: In job-order costing,the journal entry for a completed job costing $7,000 but not sold is:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The journal entry for a completed job costing $7,000 but not sold would be a debit to Finished Goods Inventory for $7,000 and a credit to Work in Process Inventory for $7,000. This reflects the cost of the completed job being transferred from work in process to finished goods.

In Job-Order Costing,the Journal Entry for a Completed Job Costing