The finished goods account is the controlling account for the

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The finished goods account is used to record the value of completed products that are ready for sale. It is a controlling account for the stock ledger, which keeps track of the individual inventory records for each finished good item. This account is not associated with the cost ledger, as it only reflects the value of the completed goods and not the cost of production. It is also not associated with the materials or work in process ledgers as these relate to the cost of raw materials and the value of partially completed products, respectively.

The Finished Goods Account Is the Controlling Account for the