The Total of the Dollar Amounts on the Job Order

question 81

Multiple Choice

The total of the dollar amounts on the job order cost cards that have not been completed would be equal to the

• A)cost of goods completed.
• B)balance in the Finished Goods Inventory account.
• C)cost of goods sold.
• D)balance in the Work in Process Inventory account.

---

Definitions:

Market Rate

The current price or cost of a good or service in the marketplace, often used in reference to interest rates or wages.

Contract Rate

The agreed-upon price or rate specified in a contract for services or goods, often locked in for the duration of the agreement.

Issue Price

The price at which securities, such as bonds or shares, are originally sold to the public or investors by the issuing entity.

Installment Note Payable

A debt instrument that requires a series of periodic payments to the lender over a specified period of time.