When a Job Is Completed and All Costs Have Been

question 96

Multiple Choice

When a job is completed and all costs have been accumulated on a job cost sheet the journal entry that should be made is

• A)Increase Finished Goods Inventory and decrease Raw Materials Inventory Factory Labor and Manufacturing Overhead.
• B)Increase Work in Process Inventory and decrease Raw Materials Inventory Factory Labor and Manufacturing Overhead.
• C)Increase Raw Materials Inventory and decrease Work in Process Inventory.
• D)Increase Finished Goods Inventory and decrease Work in Process Inventory.

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Definitions:

Injunctive Norm

Social norms that guid what is commonly approved or disapproved of within a society, influencing behavior through perceived societal pressures.

Descriptive Norm

Social norms describing what behaviors are typical or normal within a group, guiding individual behavior based on perceived group actions.

Affiliation Goal

A social goal aimed at creating or enhancing relationships with others to fulfill a basic human need for companionship.

Behavioural Judgment

The process of making decisions and forming evaluations based on the behavior and actions of oneself and others.