Goods that are partially completed by a manufacturer are
A) merchandise inventory
B) work in process inventory
C) finished goods inventory
D) materials inventory

Question

Quizplus · Accepted Answer

Goods that are partially completed by a manufacturer are referred to as work in process inventory. This inventory account includes all costs incurred up to the current stage of production, including materials, direct labor, and manufacturing overhead.

Goods That Are Partially Completed by a Manufacturer Are