A manufacturing company completed work on a job The cost of

A manufacturing company completed work on a job. The cost of the job is transferred into with a O A. Work-in-Process Inventory; debit 0 B. Cost of Goods Sold, credit C. 0 D. Finished Goods Inventory: debit Finished Goods Inventory: credit

Solution

Correct answer is option C. Fnished Goods Inventory ;Debit.

Once a Job is completed,follwing entry should be passed for transfering the manfacturing cost,

Finished Goods Inventory Dr

WIP Inventory