In the job order system, the finished goods account is the controlling account for the factory overhead ledger.

Name: In the job order system, the finished goods account is the controlling account for the factory overhead ledger.
Brand: Quizplus
Rating: 4.9 (55 reviews)

Question

Quizplus · Accepted Answer

In the job order system, the factory overhead account is the controlling account for the factory overhead ledger. The finished goods account is a subsidiary account that captures the cost of production of goods completed in a specific accounting period.

In the Job Order System, the Finished Goods Account Is