The ending balance of which of the following accounts can be calculated by summing the totals of the open job-order cost sheets:
A) Materials.
B) Work in Process.
C) Finish Goods.
D) Cost of Goods Sold.

Question

Quizplus · Accepted Answer

The ending balance of the Work in Process account can be calculated by summing the totals of the open job-order cost sheets since this account records the cost of partially completed jobs that have not yet been sold.

The Ending Balance of Which of the Following Accounts Can