At the end of the accounting period, the balance in the Work in Process inventory account reflects the cost of:

Question

Quizplus · Accepted Answer

Work in Process inventory account reflects the cost of partially completed units that are still in the production process and have not been transferred to the finished goods inventory account. Therefore, option B is the correct choice. The cost of completed units sold is recorded in the Cost of Goods Sold account, while the cost of goods manufactured is recorded in the Finished Goods inventory account. Option D is not correct as it refers to goods that have left the inventory, whereas work in process inventory includes goods that are still in the production process.

At the End of the Accounting Period, the Balance in the Work