Job Order Cost Flow - account When a job is completed the...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Job Order Cost Flow The flow of costs (direct materials, direct labor, and manufacturing overhead) in job order cost accounting parallels the physical flow of the materials as they are converted into finished goods. Companies assign manufacturing costs to the Work in Process Inventory
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: account. When a job is completed, the company transfers the cost of the job to Finished Goods Inventory. Later when the goods are sold, the company transfers their cost to Cost of Goods Sold....
View Full Document

This note was uploaded on 12/25/2011 for the course ACCOUNTING ac 202 taught by Professor - during the Fall '11 term at Montgomery.

Ask a homework question - tutors are online