..10 AT&T LTE 2:33 PM 27% Expert Q&A DONE Recording jobs shipped and customers billed would include a debit to Accounts Payable Cash Finished Goods Cost of Goods Sold Recording jobs shipped and customers billed would include a credit to Accounts Payable Cash Finished Goods Cost of Goods Sold The finished goods account is the controlling account for the cost ledger materials ledger work in process ledger stock ledger The controlling account for the cost ledger is Finished Goods Materials Work in Process Cost of Goods Sold 4. A widely used activity base for developing factory overhead rates in highly automated settings is direct labor hours direct labor dollars direct materials a machine hours