Answer:
The answer to what The inventory Subsidiary Ledger is used for is option D) All of these choices is correct
Step-by-step explanation:
Inventory subsidiary ledger accounts usually contain different sets of columns for purchases, sales, and the account balance. Each set has three columns, which are used to record the number of units, the cost of each unit, and the total cost.
Companies use Inventory Subsidiary ledgers to
- keep track of Inventory sold
- Keep track of Inventory Purchased
- Keep track of Inventory maximum and minimum levels
The Maximum and Minimum level section is found at the upper left corner of the accounts and used as a control mechanism designed to prevent the company from running low on stock.