In a job order costing system, the amount transferred from Work in Process Inventory to Finished Goods Inventory should also equal the amount of Sales Revenue for a given job.

Name: In a job order costing system, the amount transferred from Work in Process Inventory to Finished Goods Inventory should also equal the amount of Sales Revenue for a given job.
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Question

Quizplus · Accepted Answer

The amount transferred from Work in Process to Finished Goods should equal the total costs to complete the job.

In a Job Order Costing System, the Amount Transferred from Work