Multiple choice

Directions: Choose the correct option for the given question:

At the end of any period, the total balance of ______ should be equal to the balance in the work-in-progress ledger control.

  1. works account

  2. jobs account

  3. process account

  4. all of these

  5. none of these
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

In job costing, the work-in-progress (WIP) control account summarizes the costs of all individual jobs currently in progress. Therefore, the sum of the balances of individual job accounts must equal the balance in the WIP control account.

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