The total costs in work in process during the period were
A) $31,995
B) $70,600
C) $73,700
D) Cannot be determined

Name: The total costs in work in process during the period were A) $31,995 B) $70,600 C) $73,700 D) Cannot be determined
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Question

Quizplus · Accepted Answer

The total cost incurred during the year was $158,700, but only $85,000 of finished goods were produced. Therefore, the remaining $73,700 (158,700 - 85,000) must be the costs of goods still in work in process.

The Total Costs in Work in Process During the Period