Question

In a job cost system, the Work-in-Process Inventory controlling account may be reconciled to the total of the: Multiple Choice Materials requisitions. Employee time cards. Job cost sheets. Work-in-Process Inventory records for each department or process.

Answer 1

The correct answer is letter "B": Job cost sheets.

Step-by-step explanation:

Work-in-Process or WIP is the cumulative cost of unfinished products currently under production. Companies producing large or custom items usually use a WIP inventory system. The WIP ledger is formed by many different job cost sheets where the manufacturing accumulated cost for each job is recorded.