On Completion of Products Under a Job Cost System, Costs

question 51

Multiple Choice

On completion of products under a job cost system, costs are transferred as follows:

• A) Debit finished goods inventory, credit work in process
• B) Debit work in process, credit finished goods inventory
• C) Debit cost of goods sold, credit work in process inventory
• D) Debit work in process inventory, credit cost of goods sold