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.

Question

Quizplus · Accepted Answer

The Work in Process Inventory account represents the cost of all unfinished jobs, and the dollar amounts on the job order cost cards that have not been completed are part of the Work in Process Inventory account. Therefore, the total of the dollar amounts on the job order cost cards that have not been completed would be equal to the balance in the Work in Process Inventory account. Choices A, B, and C are not correct because they do not reflect the unfinished jobs and do not take into account the dollar amounts on the job order cost cards that have not been completed.

The Total of the Dollar Amounts on the Job Order