In a job costing system the accounting entry to record the delivery of job XZY is:
A) debit cost of sales; credit finished goods
B) debit work in process; credit profit and loss summary account
C) debit finished goods inventory; credit work in process
D) debit cost of sales, credit profit and loss summary

Question

Quizplus · Accepted Answer

When a job is delivered, the cost is transferred from finished goods to cost of sales, reflecting the expense of the sold goods.

In a Job Costing System the Accounting Entry to Record