What can be said of the relationship between total manufacturing costs and the cost of goods manufactured when work-in-process inventories decrease during the period? (Assume no change in per unit costs. )

Question

Quizplus · Accepted Answer

When work-in-process inventories decrease during the period, it means that the production process has been completed and goods have been manufactured. Therefore, the cost of goods manufactured for the period will be greater than the total manufacturing costs incurred during that period.

What Can Be Said of the Relationship Between Total Manufacturing