Match the inventory-related accounts to costs that may be included in inventories for retailers and manufacturers.
-cost of material,labor,and other production-related costs incurred to date in unfinished goods

Question

Quizplus · Accepted Answer

Work-in-process inventory includes the cost of materials, labor, and other production-related costs incurred to date in unfinished goods. This account is used by manufacturers to track the costs associated with products that are in the production process but are not yet complete.

Match the Inventory-Related Accounts to Costs That May Be Included