The total manufacturing costs on job cost sheets for unfinished jobs equals the total amount in the Work in Process Inventory account in the general ledger.

Question

Quizplus · Accepted Answer

This statement is correct. The Work in Process Inventory account in the general ledger represents the total cost of all the unfinished jobs, which should match the total manufacturing costs recorded on the job cost sheets for those jobs.

The Total Manufacturing Costs on Job Cost Sheets for Unfinished