To Which Control Account Do Job Cost Sheets Represent the Subsidiary

question 4

Multiple Choice

To which control account do job cost sheets represent the subsidiary ledger?

• A)Cost of Goods Sold
• B)Cost of Goods Manufactured
• C)Work in Process Inventory
• D)Finished Goods Inventory

---

Definitions:

Cash Discount

A reduction in the invoice price given by the seller to the buyer for quick payment within a specified period.

Merchandise

Products that a company buys to resell to its customers.

Cash Paid

The actual outflow of cash during a period for expenses, investments, and other financial activities.

Perpetual Inventory System

An inventory tracking system where updates are made continuously as transactions occur, providing real-time inventory levels.