In a Job-Order Costing System,when a Job Remains Incomplete at the End

question 49

Multiple Choice

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

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

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