Answer:
Goods in Process Inventory.
Explanation:
These are the options for the question;
Jobs Overhead Expense.
Cost of Goods Sold.
Finished Goods Inventory.
Indirect Labor.
Goods in Process Inventory.
overhead cost are expenses that are required in a business for smooth running that cannot be be associated to producing the goods/service. Example of overhead cost are cost on insurance, interest, expenses on rent, advertising.
The overhead cost applied to a job during a period is recorded with a credit to Factory Overhead( cost that are involved during manufacturing operation, theses cost doesn't involve the cost of raw material and direct labor)and a debit to Goods in Process Inventory( this work-in-process is recordedd in the balance sheet, it cover goods that are not yet completely produced, I.e they are not yet available for selling out during the manufacturing process.)
