Match the Following Cost Flows with the Proper Event in a Job-Costing

question 85

Multiple Choice

Match the following cost flows with the proper event in a job-costing firm:
-cost of materials is removed from materials account and added to work-in- process account

• A)completion of job
• B)end of each accounting period
• C)materials are moved from storage into production
• D)product is sold
• E)end of year

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Definitions:

Order Handling

The processes involved in receiving, processing, and fulfilling orders, critical for customer satisfaction.

Customer Order Cycle

The complete sequence of events from the time a customer places an order until the product is delivered and payment is received.

Customer/Retailer Interface

The point of contact and interaction between a customer and a retailer, where services and information are exchanged.

Replenishment Cycle

The repeat process of ordering and stocking new inventory to replace what has been sold or used, ensuring a sufficient level of stock is maintained.