Under a job order costing system, how are accumulated costs treated when a company finishes a job?

Question 10 options:

	Accumulated costs are assigned to batches and transferred to Work in Process Inventory (WIP)
	Accumulated costs are recorded as cost of goods sold on the income statement
	Accumulated costs are recorded as overhead on the income statement
	Accumulated costs are moved from Work in Process Inventory (WIP) to finished goods inventory