Question

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:

Answer 1

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.

Step-by-step explanation:

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. This means that when a job is completed, the costs incurred for that job, such as materials, labor, and overhead, are added together and transferred to the finished goods inventory. This allows the company to track the costs associated with each individual job and determine its profitability.