In a job costing system, the dollar amount in the journal entry that transfers the costs of jobs from Work-in-Process Inventory to Finished Goods Inventory is the sum of the costs charged to all jobs:
A) sold during the period.
B) completed during the period.
C) in process during the period.
D) started in process during the period.

Question

Quizplus · Accepted Answer

The costs transferred from Work-in-Process Inventory to Finished Goods Inventory represent the costs of jobs that have been completed during the period.

In a Job Costing System, the Dollar Amount in the Journal