Reg. 19: The handbags have been moved out of the factory and into the finished goods warehouse to await shipment . Before the handbags are completed , the job cast records served as a basis for valuing which inventory account on the balance sheet ?" . After the handbags are completed , the job cast records serve as a basis for valuing which inventory account ?" Reg. 20: The handbags ordered by Katie's Boutique are shipped out on 101/'14. Update the job cost record . What is the new balance in Finished Goods Inventory for this item ?"