Question

In service companies, __________ is supported by a cost ledger with a job cost sheet for each client. a.Work in Process b.Cost of Goods Sold c.Cash received for a service d.Cost of Services

Answer 1

Answer: Work in process

Explanation:

The work in process is basically refers to the work in the progress that helps in process the production of the products and the services.

The work in process is basically refers to the process inventory system that helps in managing the accounting period and also the cost is basically assigned for the inventory valuation.

According to the given question, the work in process is supported by the cost ledger that manages all the services with the client in the company. Therefore, Work in process is the correct answer.

 Therefore, Work in process is the correct answer.