What journal entry should be made when a job is completed and all costs have been accumulated on a job cost sheet?

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 is reflected by debiting Finished Goods Inventory and crediting Work in Process Inventory, indicating the movement of costs from one stage of production to the next.

What Journal Entry Should Be Made When a Job Is