The general ledger account that combines the separate job cost records is called the ________ account.

Question

Quizplus · Accepted Answer

The Work-in-Process Control account is the general ledger account that combines the separate job cost records. It is where all costs related to unfinished products are recorded. The other options are not the correct choice as they do not serve the purpose of combining job cost records. Cost of Goods Sold account is used to record the cost of goods that have been sold. Finished Goods Control is used to record the costs associated with finished goods that have not yet been sold. Manufacturing Overhead Allocated and Manufacturing Overhead Control are used to record the manufacturing overhead costs.

The General Ledger Account That Combines the Separate Job Cost