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Unformatted text preview: (7) Finished Goods Inventory Work in Process Inventory (To record completion of Job No. 101) Finished Goods Inventory is a control account. It controls individual finished goods records in a finished goods subsidiary ledger. The company posts directly from completed job cost sheets to the receipts columns. Illustration 15-15 shows the finished goods inventory record for Job No. 101. Illustration 15-15 Finished goods record...
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This note was uploaded on 11/08/2011 for the course ACCOUNTING ac 202 taught by Professor - during the Fall '11 term at Montgomery.
- Fall '11