With respect to the flow of manufacturing costs through the accounts, what does the ending balance of work in process account show?
A) The total costs for completed jobs.
B) The total costs for incomplete jobs.
C) The amount of costs incurred for the period.
D) The amount of cost to be transferred to cost of goods sold.

Question

Quizplus · Accepted Answer

The ending balance of the work in process account shows the total costs for incomplete jobs, as these costs have not yet been transferred to the finished goods inventory or cost of goods sold accounts.

With Respect to the Flow of Manufacturing Costs Through the Accounts