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mylen [45]
3 years ago
9

The controlling account for the cost ledger is Group of answer choices Cost of Goods Sold Materials Finished Goods Work in Proce

ss
Business
1 answer:
Elis [28]3 years ago
3 0

Answer:

Work in process

Explanation:

The work in process refers to the completion of the project i.e how much work is completed and how much is pending. It shows the status of work or we can say tracking.

There are three levels of inventory

1. Raw material

2. Work in progress

3. Finished goods

After completing the processing the product is called to be finished and it is ready to sell

Therefore for the cost ledger, the controlling account is work in process

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Answer: would be subtracted from the related bonds payable on the balance sheet

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a manufacturer reports the following costs to produce 11,000 units in its first year of operations: direct materials, $11 per un
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In absorption costing, the cost of every unit produced is worked out by adding up the direct cost of materials, direct labor, variable overhead, and the fixed overhead. Unlike in the case of marginal costing where the fixed cost is treated as period cost, in absorption costing, fixed cost is treated as a product cost.

The cost per unit

                                         $

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Direct labor                       24

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