When a job is completed and all costs have been accumulated on a job cost sheet the journal entry that should be made is
A) Finished Goods Inventory Direct Materials
Direct Labor
Manufacturing Overhead
B) Work In Process Inventory Direct Materials
Direct Labor
Manufacturing Overhead
C) Raw Materials Inventory Work In Process Inventory
D) Finished Goods Inventory Work In Process Inventory

Question

Quizplus · Accepted Answer

When a job is completed, the costs accumulated in the Work In Process Inventory are transferred to Finished Goods Inventory. This reflects the movement of costs from one stage of production to the next, indicating that the goods are no longer in process but are finished and ready for sale.

When a Job Is Completed and All Costs Have Been