Under a job order costing system,the dollar amount of the entry to record the transfer of goods from Work in Process Inventory to Finished Goods Inventory is the total of the costs charged to all jobs
A)started during the period.
B)completed and sold during the period.
C)completed during the period.
D)started and completed during the period.

Question

Quizplus · Accepted Answer

The correct answer is C) completed during the period. In a job order costing system, the transfer from Work in Process Inventory to Finished Goods Inventory is based on the costs of jobs that have been completed during the period, regardless of when they were started or sold.

Under a Job Order Costing System,the Dollar Amount of the Entry