Which source document provides information for the journal entry to transfer costs from the Work in Process Inventory account to the Finished Goods Inventory account?
A) Job cost sheet
B) Work ticket
C) Standard cost card
D) Materials requisition

Question

Quizplus · Accepted Answer

The job cost sheet provides detailed information about the costs incurred in a specific job or project, including direct materials, direct labor, and manufacturing overhead. Once the job is completed, the costs are transferred from the Work in Process Inventory account to the Finished Goods Inventory account, and the job cost sheet serves as the source document for this journal entry.

Which Source Document Provides Information for the Journal Entry to Transfer