The work-in-process account will have a balance only if there is unfinished work in the factory.

Name: The work-in-process account will have a balance only if there is unfinished work in the factory.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The work-in-process account tracks the cost of partially completed goods in a manufacturing process. Therefore, it will only have a balance if there is work that has been partially completed but not yet finished in the factory. Otherwise, the balance of the account will be zero.

The Work-In-Process Account Will Have a Balance Only If There