The Source of the Cost Data That Appears in a Cost

question 17

Multiple Choice

The source of the cost data that appears in a cost of production report is

• A)the Finished Goods Inventory account.
• B)the Work in Process Inventory accounts.
• C)the prior period income statement.
• D)the job order cost sheet.

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Definitions:

American Revolution

The period (1765-1783) during which thirteen of Britain's North American colonies successfully fought for their independence to become the United States of America.

Thomas Jefferson

The third President of the United States (1801-1809), principal author of the Declaration of Independence, and a founder of the Democratic-Republican Party.

First Continental Congress

A meeting of delegates from 12 of the 13 American colonies in 1774, convened to respond to Britain's Intolerable Acts, leading to the drafting of the Declaration of Independence.

Virginian

Pertaining to Virginia, a state in the southeastern United States, or its inhabitants.