Total manufacturing costs incurred during the year do not include:
A) Direct materials used.
B) Factory supplies used.
C) Goods in process inventory, beginning balance.
D) Direct labor.
E) Depreciation of machinery.

Question

Quizplus · Accepted Answer

Goods in process inventory, beginning balance is not a cost incurred during the year. It is a balance from the previous year's production.

Total Manufacturing Costs Incurred During the Year Do Not Include