In a job costing system the accounting entry made at the time job 664 is delivered to the customer is:

Question

Quizplus · Accepted Answer

When the job is complete and delivered to the customer, the cost of goods sold account is debited for the cost of producing the job and the finished goods inventory account is credited to remove the cost of the completed job from the balance. Therefore, debit to cost of goods sold; credit to finished goods inventory is the appropriate accounting entry.

In a Job Costing System the Accounting Entry Made at the Time