Which one of the following should be equal to the balance of the work in process inventory account at the end of the period?

Question

Quizplus · Accepted Answer

The balance of the work in process inventory account at the end of the period should be equal to the sum of the costs shown on the job cost sheets of unfinished jobs. This is because work in process inventory represents the cost of unfinished products and the job cost sheets contain the accumulated costs of the materials, labor, and overhead applied to each job. The other options do not necessarily reflect the exact balance of the work in process inventory account at the end of the period.

Which One of the Following Should Be Equal to the Balance