Questions: After jobs are complete, the job cost sheet is used to provide a subsidiary ledger for which account? Cost of Goods Sold Finished Goods Inventory Raw Materials Inventory Work in Process Inventory

The answer is the second one: Finished Goods Inventory.

Explanation for each option:

1. Cost of Goods Sold: This account is used to record the cost of goods that have been sold to customers. The job cost sheet is not directly used as a subsidiary ledger for this account, as it pertains to costs after the sale has occurred.

2. Finished Goods Inventory: The job cost sheet is used to track the costs associated with a specific job. Once a job is completed, the costs are transferred from Work in Process Inventory to Finished Goods Inventory. Therefore, the job cost sheet serves as a subsidiary ledger for the Finished Goods Inventory account, detailing the costs of completed jobs that are ready for sale.

3. Raw Materials Inventory: This account tracks the cost of materials that have not yet been used in production. The job cost sheet does not serve as a subsidiary ledger for this account, as it deals with costs incurred during production rather than materials on hand.

4. Work in Process Inventory: This account is used to track the costs of jobs that are still in production. The job cost sheet is used to accumulate costs while the job is in process, but once the job is complete, the costs are transferred to Finished Goods Inventory, not Work in Process Inventory.

In summary, the job cost sheet provides a subsidiary ledger for the Finished Goods Inventory account once jobs are completed.