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    Cost Accounting Study Set 2
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    Exam 6: Estimating the Costs of Products and Inventory
  5. Question
    The Ending Balance in the Finished Goods Control Account Represents
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The Ending Balance in the Finished Goods Control Account Represents

Question 208

Question 208

Multiple Choice

The ending balance in the Finished Goods Control account represents the costs of all jobs that:


A) have been completed but not sold.
B) have not been completed.
C) have been completed and sold to customers.
D) are reported on the income statement.

Correct Answer:

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