Under a job costing system the total cost of all the incomplete jobs recorded in the subsidiary ledger is reconciled to the:
A) Cost of goods sold account
B) Finished goods inventory account
C) Work-in-process account
D) Overhead control account

Question

Quizplus · Accepted Answer

The total cost of all the incomplete jobs in a job costing system is recorded in the Work-in-Process (WIP) account, which reflects the costs of unfinished goods. This account is used to track and reconcile the costs associated with jobs that are still in progress.

Under a Job Costing System the Total Cost of All