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 of costs for completed jobs.
B) The total of 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 represents the total of costs for incomplete jobs. This balance will be transferred to the finished goods account when the job is completed.

With Respect to the Flow of Manufacturing Costs Through the Accounts,what