The ending balance in the Work-in-Process Control account represents the costs of all jobs that ________.
A) have not been completed
B) have been completed but not sold
C) have been completed and sold to customers
D) are reported on the income statement

Question

Quizplus · Accepted Answer

The Work-in-Process Control account represents the costs of all jobs that have not been completed yet. Therefore, the ending balance in this account would represent the costs of all jobs that are still in progress and not yet completed.

The Ending Balance in the Work-In-Process Control Account Represents the Costs