In a job-order costing system, the Cost of Goods Manufactured account is increased and the Finished Goods account is decreased when a job is completed.

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In a job-order costing system, the Finished Goods account is increased and the Work in Process (or Work in Progress) account is decreased when a job is completed. The Cost of Goods Manufactured account reflects the total cost of goods completed during the period and is not directly increased when a single job is completed; instead, costs move from Work in Process to Finished Goods.

In a Job-Order Costing System, the Cost of Goods Manufactured