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Managerial Accounting

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Cost Accumulation on the Financial Statement

MGRACT-5L2NOT

When should the costs accumulated in job order costing system move from the balance sheet to the income statement?

A

Once the items are charged to direct material inventory.

B

Once the items are charged to work in process inventory.

C

Once the items are sold to the customer.

D

Once the items have been returned from the customer.