Under a job order system of cost accounting,the dollar amount of the entry to transfer inventory from Work in Process to Finished Goods is the sum of the costs charged to all jobs:
A)In process during the period.
B)Completed and sold during the period.
C)Completed during the period.
D)Started in process during the period.

Question

Quizplus · Accepted Answer

The correct answer is C) Completed during the period. In a job order costing system, the costs are accumulated by individual jobs. When a job is completed, its total costs are transferred from Work in Process Inventory to Finished Goods Inventory. This transfer reflects the move of the job from being in process to being ready for sale, regardless of whether it is actually sold during the period.

Under a Job Order System of Cost Accounting,the Dollar Amount