When a Job Is Completed, What Happens to the Cost

question 7

Multiple Choice

When a job is completed, what happens to the cost of the job?

• A)It is removed from Work in Process and included in Cost of Goods Sold.
• B)It is removed from Finished Goods and included in Cost of Goods Sold.
• C)It is removed from Materials Inventory and included in Work in Process.
• D)It is removed from Work in Process and included in Finished Goods.

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Definitions:

External Incentive

A motivation or stimulus originating from outside an individual that influences their behavior or actions.

Behavioral Change

Modifications or transformations in human actions or reactions due to various factors such as learning, therapy, or life experiences.

Conditioned Reinforcer

A stimulus that gains its reinforcing power through its association with a primary reinforcer; often used in behavior modification and conditioning.

Operant Conditioning

A method of learning that employs rewards and punishments for behavior, which affects the likelihood of certain behaviors being repeated.