Question 16 When a job is completed and all costs have been accumulated on a job cost sheet, the journal entry that should be made is Increase Finished Goods Inventory and decrease Raw Materials Inventory, Factory Labor, and Manufacturing Overhead. Increase Work in Process Inventory and decrease Raw Materials Inventory. Factory Labor, and Manufacturing Overhead. Increase Raw Materials Inventory and decrease Work in Process Inventory. Increase Finished Goods Inventory and decrease Work in Process Inventory