All of the following would be entries in assigning accumulated costs to the Work In Process Inventory except:
A) the purchase of raw materials.
B) raw materials are used.
C) overhead is applied.
D) factory labor is used.

Question

Quizplus · Accepted Answer

The purchase of raw materials is not considered an accumulated cost for Work In Process Inventory. It is considered a cost for the Raw Materials Inventory. The other options listed (raw materials are used, overhead is applied, factory labor is used) are all costs that are accumulated and assigned to the Work In Process Inventory.

All of the Following Would Be Entries in Assigning Accumulated