In a job costing system the accounting entry to record the completion of job No 876 is:

Question

Quizplus · Accepted Answer

When the job is completed, it is transferred from the work in process inventory account to the finished goods inventory account. Therefore, the accounting entry to record the completion of job No 876 would be to debit finished goods inventory and credit work in process. Option A and B are incorrect as they do not reflect the transfer of the completed job to inventory. Option D is also incorrect as there must be an accounting entry to reflect the completion of the job.

In a Job Costing System the Accounting Entry to Record