The Journal Entry Needed to Record the Completion of a Job

question 214

Multiple Choice

The journal entry needed to record the completion of a job includes a

• A) debit to Cost of Goods Sold.
• B) debit to Finished Goods Inventory.
• C) debit to Work in Process Inventory.
• D) debit to Raw Materials Inventory.

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Definitions:

Supply Chain

The entire network of entities, directly or indirectly interlinked and interdependent in serving the same consumer or customer, involved in the delivery of a product or service from the supplier to the customer.

Communication

The process of exchanging information and ideas between individuals or groups using spoken words, written language, or other mediums.

Convenience

The quality of being suitable or suitable to one's needs or purposes with minimal effort or difficulty, often emphasized in product and service design.

Supply Chain

The entire network of entities involved in producing and delivering a product or service from the raw material to the end user.