When a job is completed and all costs have been accumulated on a job cost sheet, the journal entry that should be made is:

a. Raw Materials Inventory

Work In Process Inventory

b. Work In Process Inventory

Direct Materials

Direct Labor

Manufacturing Overhead

c. Finished Goods Inventory

Direct Materials

Direct Labor

Manufacturing Overhead

d. Finished Goods Inventory

Work In Process Inventory

d. Finished Goods Inventory

Work In Process Inventory

Explanation:

In the production process when goods raw materials enter into the factory, they are considered as work in process.

On completion from the factory the raw materials that were in work in process are now converted to finished goods.

Inventory is an asset account, and assets is debited when it increases and credited when it reduces.

When all goods have been converted to finished goods there is increase in finished goods inventory, so

1. Debit finished goods inventory

Raw materials in work in process has been converted to finished goods, so the entry for WIP is

2. Credit work in process inventory