Goods that have been started in the manufacturing process but are not yet complete are included in:
A)the Finished Goods Inventory account.
B)the Work-in-Process Inventory account.
C)the Raw Materials Inventory account.
D)the Cost of Goods Sold account.

Question

Quizplus · Accepted Answer

Goods that have been started in the manufacturing process but are not yet complete are classified as work-in-process inventory, which is an asset account. They are not finished goods, raw materials, or included in the cost of goods sold until they have been completed.

Goods That Have Been Started in the Manufacturing Process but Are