The Controlling Account for the Cost Ledger Is

question 34

Multiple Choice

The controlling account for the cost ledger is

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

---

Definitions:

Cluster Sampling

A probability sampling method in which the population is first divided into clusters and then a simple random sample of the clusters is taken.

Simple Random Sampling

A sampling method where each member of the population has an equal chance of being selected, ensuring unbiased representation.

Stratified Simple Random Sampling

A sampling method that divides a population into smaller groups or strata and then selects random samples from each stratum.

Convenience Sampling

A nonprobability method of sampling whereby elements are selected for the sample on the basis of convenience.