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Under a job-order costing system, the dollar amount transferred from Work in Process to Finished Goods is the sum of the costs charged to all jobs: a. started in process during the period. b. in process during the period. c. completed and sold during the period. d. completed during the period.
Under a job-order costing system, the dollar amount transferred from Work in Process to Finished Goods is the sum of the costs charged to all jobs: a. started in process during the period. b. in process during the period. c. completed and sold during the period. d. completed during the period.
Final answer:Thedollar amounttransferred from Work in Process to Finished Goods includes the costs charged to all jobs completed during the period.Explanation:Under a job-ordercostingsystem, the transfer from Work in Process to Finished Goods represents the accumulation of costs associated with jobs that have been completed during the period. This includes direct materials, direct labor, and overhead costs incurred in the production of these specific jobs.The transfer occurs when the jobs are finished and ready for sale. It does not include jobs that are still inprocessor started during the period but not yet completed. This accounting practice ensures that only the costs related to completed and saleable units are moved to Finished Goods, providing an accurate reflection of the expenses tied to the products that contribute to revenue.Job-order costing systems and their impact onfinancialreporting and inventory valuation.Learn more aboutdollar amountbrainly.com/question/34949550#SPJ11...