When a job is completed in a job order cost accounting system, the cost of the job is transferred to work in process inventory. finished goods inventory. manufacturing overhead. cost of goods sold.

Question

Business

Camryn Moyer

26 July, 05:19

When a job is completed in a job order cost accounting system, the cost of the job is transferred to work in process inventory. finished goods inventory. manufacturing overhead. cost of goods sold.

+3

Answers (1)

Know the Answer?

Jadon · Answer 1

Cost accounting is a system with which the cost is determined when carrying out a production process and the way it is generated in each of the activities in which production takes place.

Explanation:

You can specify some of the convenient cost accounting:

-The cost of the products is established.

-Inventories are valued.

-It controls the costs involved in the production process.

-The execution and use of materials is measured.

-Useful margins for new products are recommended.

-You can prepare projects and budgets.

-Facilitates the decision-making process, since it can be determined will be the profit and the cost of the different alternatives that are presented, in order to make a good decision.