Underestimating the degree of completion of ending work in process leads to increase in operating income.

Name: Underestimating the degree of completion of ending work in process leads to increase in operating income.
Brand: Quizplus
Rating: 4.9 (32 reviews)

Question

Quizplus · Accepted Answer

Overestimating the degree of completion of ending work in process decreases the costs assigned to goods transferred out and eventually to cost of goods sold and increases operating income.

Underestimating the Degree of Completion of Ending Work in Process