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

Justice Decker

Business

5 February, 19:12

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.

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Sparks · 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.