In a Job-Order Costing System,the Amount of Overhead Cost That

question 40

Multiple Choice

In a job-order costing system,the amount of overhead cost that has been applied to a job that remains incomplete at the end of a period is:

• A) deducted on the Income Statement as overapplied overhead.
• B) closed to Cost of Goods Sold.
• C) transferred to Finished Goods at the end of the period.
• D) part of the ending balance of the Work in Process inventory account.