Two DVDs and Three Game Disks Cost $137

question 29

Multiple Choice

Two DVDs and three game disks cost $137.79. Four DVDs and one game disk cost $75.73. What does one of each cost?

• A) DVD = $9.09, game disk = $39.87
• B) DVD = $11.88, game disk = $40.09
• C) DVD = $9.15, game disk = $39.83
• D) DVD = $8.94, game disk = $39.97
• E) DVD = $9.00, game disk = $39.93

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Definitions:

Finished Goods Ledger

The subsidiary ledger that contains the individual accounts for each kind of commodity or product produced.

Deferred Revenue

Money received by a company for goods or services yet to be delivered or performed; classified as a liability on the balance sheet until the transaction is completed.

Product Costs

All costs incurred to acquire or produce a product that is intended for sale, including materials, labor, and overhead.

Sales

The activities involved in selling goods or services to customers for money.