in a job - order costing system, the amount of overhead cost that has been applied to a job that remains…

in a job - order costing system, the amount of overhead cost that has been applied to a job that remains incomplete at the end of a period is\nclosed to cost of goods sold.\npart of the ending balance of the work - in - process inventory account.\ntransferred to finished goods at the end of the period.\ndeducted on the income statement as overapplied overhead.

in a job - order costing system, the amount of overhead cost that has been applied to a job that remains incomplete at the end of a period is\nclosed to cost of goods sold.\npart of the ending balance of the work - in - process inventory account.\ntransferred to finished goods at the end of the period.\ndeducted on the income statement as overapplied overhead.

Answer

Brief Explanations:

In a job - order costing system, work - in - process inventory includes costs of jobs that are not yet completed. Applied overhead for an incomplete job is part of its cost. Cost of goods sold (first option) is for completed and sold jobs. Transferred to finished goods (third option) is for completed jobs. Deducting as overapplied (fourth option) is a different overhead adjustment concept.

Answer:

part of the ending balance of the work - in - process inventory account.