Job costing information can be used to:
I. Report inventory and cost of goods sold on financial statements
II. Estimate average costs for future jobs
III. Report the costs of marketing for a product
A) I and II only
B) II and III only
C) I and III only
D) I, II, and III

Question

Quizplus · Accepted Answer

Job costing information is used to report inventory and cost of goods sold on financial statements, as well as estimate average costs for future jobs. However, it is not used to report the costs of marketing for a product.

Job Costing Information Can Be Used To