A(n) ____________________ Is a Collection of Related Data That Is

question 100

Short Answer

A(n) ____________________ is a collection of related data that is organized in records.

---

Definitions:

Work in Process

A part of the inventory account on the balance sheet that represents goods in various stages of production but not yet completed.

Finished Goods

Products that have completed the manufacturing process but have not yet been sold or distributed to the end customer.

Goods Sold

Represents the total quantity of goods that have been sold to customers during a specific accounting period.

Cost Accounting Systems

Systems that measure, record, and report product costs.