Question

Job cost sheets can be used to: (Check all that apply.) A. monitor costs incurred to date and to predict and control costs for each job. B. provide a permanent record for the Cost of Goods Sold account. C. provide a subsidiary ledger for the Finished Goods Inventory account. D. provide a subsidiary ledger for the Raw Materials Inventory account.

Answer 1

Answer:

The correct answers are A, B and C

Explanation:

Job cost sheet is the sheet or the document which is used for recording the manufacturing costs and it is made or prepared through the companies that use the system of job order costing in order to compute as well as allocate the costs to the services and the products.

It is used to provide the subsidiary ledger for the Inventory which is finished goods, monitor the costs that is incurred and to predict as well as control the costs of each and every job and provide a record which is permanent for the account of COGS.