A company that implements process costing with zero beginning and zero ending work-in-process inventory has:
A)no units are started and fully completed within the accounting period.
B)all units are started and fully completed within the accounting period.
C)all units are started and partially completed after the accounting period.
D)some units are started and fully completed after the accounting period.
E)all units are started and fully completed before the accounting period.

Question

Quizplus · Accepted Answer

With zero beginning and zero ending work-in-process inventory, all units must have been started and fully completed within the accounting period, as there are no units left in process at either the start or end of the period.

A Company That Implements Process Costing with Zero Beginning and Zero