Match the following cost flows with the appropriate events in a jab-costing system: Direct materials, direct labor, and applied overhead are totaled to yield the manufacturing cost of job. The costs of job are transferred from the work-in-process account to the finished goods account. Actual overhead is reconciled with applied overhead. Cost of materials is removed from the materials account and added to the work-inprocess account. Costs of product are removed from the finished goods account and added to the cost of goods sold account. A schedule of costs of goods sold is prepared. Immaterial overhead variance is closed to Costs of Goods Sold. Match the following cost flows with the appropriate events in a jab-costing system: Direct materials, direct labor, and applied overhead are totaled to yield the manufacturing cost of job. The costs of job are transferred from the work-in-process account to the finished goods account. Actual overhead is reconciled with applied overhead. Cost of materials is removed from the materials account and added to the work-inprocess account. Costs of product are removed from the finished goods account and added to the cost of goods sold account. A schedule of costs of goods sold is prepared. Immaterial overhead variance is closed to Costs of Goods Sold