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:

International Business

Commercial activities that involve the exchange of goods, services, technology, or capital across national borders.

Culture Shock

The confusion and discomfort a person experiences when in an unfamiliar culture.

Unfamiliar Culture

A culture that is not known or experienced before, often encountered in international travel or business.