Fogel Flight Company uses a job costing system. The direct materials for Job #045391 were purchased in September and put into production in October. The job was not completed by the end of October. At the end of October, in what account would the direct materials cost assigned to Job #045391 be located?
A) Raw Materials Inventory.
B) Work-in-Process Inventory.
C) Finished Goods Inventory.
D) Cost of Goods Manufactured.

Question

Quizplus · Accepted Answer

The direct materials cost for Job #045391 would be in the Work-in-Process Inventory account since the job is still in production and not yet completed.

Fogel Flight Company Uses a Job Costing System