The controlling account for the cost ledger is
A) Finished Goods
B) Materials
C) Work in Process
D) Cost of Goods Sold

Question

Quizplus · Accepted Answer

The controlling account for the cost ledger is typically Work in Process, as this account will track the costs associated with products that are in the process of being manufactured. Finished Goods, Materials, and Cost of Goods Sold are all accounts that are used to track costs at different stages in the production process, but they are not typically used as the controlling account for the cost ledger.

The Controlling Account for the Cost Ledger Is