Select the incorrect statement regarding the cost of production report.
A) The report consists of two sections,a units section and a costs section.
B) The report is produced monthly by job or batch.
C) The cost inputs on the report come from the work in process account.
D) The report indicates the cost of units transferred out.

Question

Quizplus · Accepted Answer

The cost of production report is typically produced for a specific period, such as monthly, but it is not specific to a job or batch; it is used in process costing systems where production is continuous.

Select the Incorrect Statement Regarding the Cost of Production Report