In: Accounting
When a job is completed and all costs have been accumulated on a job cost sheet, the journal entry that should be made is
Work In Process Inventory
Direct Materials
Direct Labor
Manufacturing Overhead
Raw Materials Inventory
Work In Process Inventory
Finished Goods Inventory Work
In Process Inventory
Finished Goods Inventory
Direct Materials
Direct Labor
Manufacturing Overhead
The Journal Entry Will be
Dr. Finished Goods Inventory
Cr. Work in Process Inventory