The Entry to Record Cost of Selling a Particular Job

question 127

Multiple Choice

The entry to record cost of selling a particular job in a job-order costing system would include a:

• A) Debit to finished goods inventoryFinished Goods Inventory and a credit to cost of goods soldCost of Goods Sold.
• B) Debit to cost of goods soldCost of Goods Sold and a credit to finished goods inventoryFinished Goods Inventory.
• C) Debit to cost of goods soldCost of Goods Sold and a credit to Wwork in Pprocess Inventory.
• Capitalize account name
• Done.JMF
• D) Credit to Wwork in Pprocess Inventory and a debit to finished goodsFinished Goods Inventory.
• Capitalize account
• Done.JMF
• Capitalize account name
• Done.JMF
• Capitalize account
• Done.JMF

---

Definitions:

Dissenting Shareholder Rights

Rights granted to shareholders who disagree with major corporate actions, like mergers, allowing them to receive payment for the fair value of their shares.

Merger Approval

The authorization granted by a regulatory body or shareholders for two or more companies to consolidate into one entity.

Block Merger

A strategy in business consolidation where two or more companies with similar operations merge to create a larger entity.

Target Corporation

A large retail corporation headquartered in the United States, known for offering a wide range of goods including clothing, electronics, and groceries.