Which costs comprise WIP Inventory on a production cost report?
A)Direct materials and direct labor
B)Direct materials and Manufacturing Overhead
C)Direct materials, direct labor, and Manufacturing Overhead
D)Direct labor and Manufacturing Overhead

Question

Quizplus · Accepted Answer

WIP Inventory on a production cost report includes all costs incurred in the production process, which are direct materials, direct labor, and manufacturing overhead.

Which Costs Comprise WIP Inventory on a Production Cost Report