The General Ledger account that combines the separate job cost records is called the ________ account.

Question

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The Work-in-Process Control account is used to combine the separate job cost records and shows the total cost of all jobs in progress at any given time. This account is also used to calculate the cost of goods sold when jobs are completed and transferred out of work-in-process into the finished goods inventory account. The other options provided are not directly related to combining job cost records. Cost of Goods Sold is a nominal account that reflects the cost of goods sold during a period, Finished Goods Control is used to track the cost of completed goods awaiting sale, Manufacturing Overhead Allocated is a contra account that reflects the amount of manufacturing overhead cost applied to jobs, and Manufacturing Overhead Control is used to record the actual manufacturing overhead costs incurred.

The General Ledger Account That Combines the Separate Job Cost