What Journal Entry Should Be Made When a Job Is

question 10

Multiple Choice

What journal entry should be made when a job is completed and all costs have been accumulated on a job cost sheet?

• A)a debit to Finished Goods Inventory, and a credit to Work in Process Inventory
• B)a debit to Work in Process Inventory, and a credit to Direct Materials, Direct Labour, and Manufacturing Overhead
• C)a debit to Finished Goods Inventory and a credit to Direct Materials, Direct Labour, and Manufacturing Overhead
• D)a debit to Cost of Goods Sold Inventory, and a credit to Work in Process Inventory

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Definitions:

Sharecropping

A system of agriculture where a landowner allows a tenant to use the land in return for a share of the crops produced on the land.

African Americans

A term referring to citizens or residents of the United States who have origins in any of the black populations of Africa.

White Landowners

Historically, individuals of European descent who owned substantial agricultural lands, often in contexts involving racial and economic power dynamics.

Radical Republicans

A faction within the U.S. Republican Party after the Civil War focused on ensuring the rights of freed slaves and implementing harsh reconstruction policies on Southern states.