 Hello in this presentation, we are going to define jobs cost sheet according to fundamental accounting principles wild 22nd edition The definition of jobs cost sheet is separate record maintained for each job when considering a job cost sheet we're generally thinking of a job cost system for a Manufacturing company a company support accounting instruction by clicking the link below giving you a free month Membership to all of the content on our website broken out by category further broken out by course Each course then organized in a logical reasonable fashion Making it much more easy to find what you need than can be done on a YouTube page We also include added resources such as excel practice problems PDF files and more Like QuickBooks backup files win applicable So once again click the link below for a free month membership to our website and all the content on it That produces inventory from raw materials to finished goods Therefore needing to track that raw material to work in process to finished goods For example, if we have a trial balance here We're gonna have the raw material inventory that will then be going into the work in process and or overhead and Ultimately end up in the finished goods inventory Which will then be sold and move to the expense account of cost of goods sold we're gonna back up these accounts with of course the general ledger and Accounts ledgers that back up every account by date So we have the raw materials finished goods work in process Factory overhead general ledger accounts which show the activity by date in order of date and The end result in the general ledger account for example for raw materials is the same as the account in The trial balance over here for raw materials as is with the finished goods The work in process and the factory overhead here here and here We also need to back this information up not by order of operation, but by separate job thereby knowing that Everything in the finished goods here when we actually sell the job We need to know the costs related to that job as well as when we transfer the work from work in process to finished goods We need to know which jobs are being transferred and therefore which costs are being transferred in order to do that We use a job cost system backing up the work in process backing up the finished goods with job cost sheets and for example We have job 14 15 and 16 here We're tracking the the materials the labor that overhead per job only open job here is job 16 Having 260,000 in it that is what is equivalent to what's in the trial balance 260,000 as well as the general ledger for work in process That's going to be the concept of the job sheets the job cost system backing up the work in process the finished goods with the job cost sheets