When a job is completed but not sold, the accounts affected are
A) Raw Materials and Work-in-Process.
B) Work-in-Process and Finished Goods.
C) Work-in-Process and Cost of Goods Sold.
D) Finished Goods and Cost of Goods Sold.
E) Finished Goods and Overhead Control.

Question

Quizplus · Accepted Answer

When a job is completed but not yet sold, it moves from Work-in-Process (WIP) to Finished Goods. This reflects the transition of the product from being in production to being ready for sale.

When a Job Is Completed but Not Sold, the Accounts