In a job-order costing system,as goods are produced,product costs (direct material,direct labor,and overhead)are accumulated in the:
A) Work in Process Inventory account.
B) Raw Materials Inventory account.
C) Finished Goods Inventory account.
D) Cost of Goods Sold account.

Question

Quizplus · Accepted Answer

In a job-order costing system, product costs are accumulated in the Work in Process Inventory account as goods are produced. This account represents the cost of raw materials, direct labor, and manufacturing overhead that have been incurred but have not yet been transferred to the finished goods inventory.

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