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Total manufacturing costs to account for during the year minus the ending Work-in-Process Inventory ...
H3Ko
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Total manufacturing costs to account for during the year minus the ending Work-in-Process Inventory ...
Total manufacturing costs to account for during the year minus the ending Work-in-Process Inventory equals the cost of goods manufactured.
A) True
B) False
Textbook
Horngren's Financial & Managerial Accounting, The Financial Chapters
Edition:
5
th
Authors:
Miller-Nobles, Mattison, Matsumura
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Work in Process inventory includes the total costs of manufacturing a product.
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H3Ko
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6 years ago
I posted this question a while back then forgot to check the forum lol Thanks for answering, you were right
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