Which of the following can serve as a subsidiary ledger for the finished goods inventory?

Question

Quizplus · Accepted Answer

Completed job-order cost sheets can serve as a subsidiary ledger for finished goods inventory as they provide specific details about the cost of individual jobs or batches of finished goods. This information can be used to accurately value the finished goods inventory in the general ledger. Incomplete job-order cost sheets and work-in-process inventory are subsidiary ledgers for work-in-process inventory, while raw material inventory is a subsidiary ledger for the raw material inventory account.

Which of the Following Can Serve as a Subsidiary Ledger