Work-in-progress includes all of the items below except:
A) cost of materials.
B) cost of labour.
C) selling costs.
D) overhead costs.

Question

Quizplus · Accepted Answer

Work-in-progress includes the cost of materials, cost of labour, and overhead costs, but does not include selling costs. Selling costs are typically considered a part of the cost of goods sold when the product is sold to the customer.

Work-In-Progress Includes All of the Items Below Except