Grand Co.'s ending inventory of work in process is twice as large as at the beginning of the period.Therefore:

Question

Quizplus · Accepted Answer

If the ending inventory of work in process is twice as large as the beginning inventory, it means that more costs have been incurred to produce goods during the period. This means that total manufacturing costs for the period must exceed the cost of finished goods manufactured. However, it does not necessarily mean that the cost of goods sold is exceeded. Thus, Option B is the correct answer.

Grand Co's Ending Inventory of Work in Process Is Twice as as Large