This preview shows pages 1–2. Sign up to view the full content.
This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
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...
View Full Document
- Fall '11