If the ending work in process inventory is less than the beginning work in process inventory, then the cost of goods manufactured will be less than total manufacturing costs for the period.

Question

Quizplus · Accepted Answer

If the ending work in process inventory is less than the beginning work in process inventory, it means that more units were completed during the period. This would increase the cost of goods manufactured, as more costs were incurred to complete the additional units. Therefore, the cost of goods manufactured would be greater than total manufacturing costs for the period.

If the Ending Work in Process Inventory Is Less Than