When a job continues across accounting periods,where do costs remain until the job has been completed?

Question

Quizplus · Accepted Answer

Costs for a job that continues across accounting periods remain in the Work in Process account until the job is completed. This account includes direct materials, direct labor, and manufacturing overhead costs that have been incurred but have not yet been transferred to the Finished Goods account.

When a Job Continues Across Accounting Periods,where Do Costs Remain