When a Job Is Completed, the Journal Entry Involves A

question 256

Multiple Choice

When a job is completed, the journal entry involves a:

• A)debit to work in process inventory and a credit to finished goods inventory.
• B)debit to cost of goods sold and a credit to finished goods inventory.
• C)debit to finished goods inventory and a credit to work in process inventory.
• D)debit to finished goods and a credit to cost of goods sold.

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Definitions:

Gaseous

Pertaining to a state of matter that is neither liquid nor solid, characterized by free-moving particles.

Autotrophs

Organisms that produce their own food from inorganic substances using light or chemical energy, such as plants and algae.

Energy Flow

Energy flow describes the movement of energy through an ecosystem, from primary producers through various consumers, and ultimately to decomposers.

Ecosystem

An ecological community comprising both living organisms and their physical surroundings that interact with each other.