Beginning work in process is equal to
A) cost of goods manufactured plus ending work in process minus manufacturing costs incurred during the current period
B) cost of goods manufactured minus ending work in process plus manufacturing costs incurred during the current period
C) ending work in process plus manufacturing costs incurred during the current period
D) manufacturing costs incurred during the current period minus ending work in process

Question

Quizplus · Accepted Answer

Beginning work in process is calculated as the cost of goods manufactured plus the ending work in process minus the manufacturing costs incurred during the current period. This formula rearranges the basic cost flow equation to solve for the beginning balance.

Beginning Work in Process Is Equal to