What amount is given by the sum of the cost of the beginning work in process and the total manufacturing costs for the current year?
A)cost of goods manufactured
B)cost of goods available for sale
C)total cost of work in process
D)cost of goods sold

Question

Quizplus · Accepted Answer

The total cost of work in process includes the cost of beginning work in process and the current year's manufacturing costs. The cost of goods manufactured and cost of goods available for sale are calculations that are based on the total cost of work in process. The cost of goods sold is not relevant to this calculation.

What Amount Is Given by the Sum of the Cost