The amount of the current period's standard cost remaining in Work-in-Process Inventory, Finished Goods Inventory, and Cost of Goods Sold is the basis for the variance proration procedures.

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Variance proration involves allocating the differences between actual costs and standard costs (variances) to Work-in-Process Inventory, Finished Goods Inventory, and Cost of Goods Sold based on the remaining standard cost in each category, to accurately reflect the impact of these variances on financial statements.

The Amount of the Current Period's Standard Cost Remaining in Work-In-Process