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JOB ORDER WORK IN PROCESS

6 May, 2015 - 17:10

The work in process account receives debits for direct materials, direct labor and factory overhead costs. The work in process account is a controlling account. Cost ledgers maintain details on the costs of each individual job. A individual cost ledger account is called a job cost sheet. It provides extensive information on each job direct materials, direct labor, and factory overhead costs. When a job is completed, total costs are added up and divided by the number of units finished to determine cost per unit.