When a job has been completed, all of the costs assigned to that job order are moved to the Finished Goods Inventory account.

Name: When a job has been completed, all of the costs assigned to that job order are moved to the Finished Goods Inventory account.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

When a job is completed, the costs assigned to that job are moved to the Finished Goods Inventory account, which holds the cost of all completed products that are ready to be sold to customers.

When a Job Has Been Completed, All of the Costs