In a production cost report,the total costs accounted for are equal to the cost of units completed and transferred plus the cost of ________.
A)beginning work-in-process inventory
B)the units started and finished
C)the units completed but unsold
D)ending work-in-process inventory

Question

Quizplus · Accepted Answer

The total costs accounted for in a production cost report include the cost of units completed and transferred as well as the cost of ending work-in-process inventory. Beginning work-in-process inventory is already accounted for in the previous period's production cost report, while the cost of units completed but unsold would be included in the next period's report. The units started and finished are already included in the cost of units completed and transferred. Therefore, the only option that is not already accounted for is the cost of ending work-in-process inventory (D).

In a Production Cost Report,the Total Costs Accounted for Are