In a job-order cost system,as goods are produced,product costs (direct material,direct labor,and overhead)are accumulated in the:

Name: In a job-order cost system,as goods are produced,product costs (direct material,direct labor,and overhead)are accumulated in the:
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Quizplus · Accepted Answer

The costs of each job are accumulated in the Work in Process Inventory account..those costs are transferred to the Finished Goods Inventory account and finally to the Cost of Goods Sold account as the job is completed and then sold.

In a Job-Order Cost System,as Goods Are Produced,product Costs (Direct