The total cost of direct material, direct labor, and manufacturing overhead transferred from work-in-process inventory to finished-goods inventory is called the cost of goods manufactured.
The total cost of direct material, direct labor, and manufacturing overhead transferred from work-in-process inventory to finished-goods inventory is called the cost of goods manufactured.
Chapter4: Job Order Costing
Section: Chapter Questions
Problem 16MC: In a job order cost system, indirect labor incurred is debited to which account? A. work in process...
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