When a Job Is Completed, the Journal Entry Involves A

question 97

Multiple Choice

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

• A)debit to Work-in-Process Inventory account and a credit to the Finished Goods Inventory account.
• B)debit to Cost of Goods Sold and a credit to the Finished Goods Inventory account.
• C)debit to Finished Goods Inventory account and a credit to Work-in-Process Inventory account.
• D)debit to Finished Goods and a credit to Cost of Goods Sold.

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Definitions:

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The Jazz Singer

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