Depont Enterprises uses the job order costing system. They have received their f

Question

Depont Enterprises uses the job order costing system. They have received their first product order and need to make entries to the accounts. How should the flow of costs be recorded for their first job?

Question 8 options:

Work in process inventory, finished goods inventory, costs of goods sold, job cost record

Job cost record, work in process inventory, finished goods inventory, cost of goods sold

Work in process inventory, finished goods inventory, job cost record, cost of goods sold

Job cost record, work in process inventory, cost of goods sold, finished goods inventory

Work in process inventory, finished goods inventory, costs of goods sold, job cost record

Job cost record, work in process inventory, finished goods inventory, cost of goods sold

Work in process inventory, finished goods inventory, job cost record, cost of goods sold

Job cost record, work in process inventory, cost of goods sold, finished goods inventory

Explanation / Answer

Job cost record, work in process inventory, finished goods inventory, cost of goods sold

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