On a production cost report,which item would appear first?
A)Total costs accounted for
B)Cost of goods finished for the month
C)Beginning WIP,if any
D)Total equivalent units

Question

Quizplus · Accepted Answer

In a production cost report, the beginning work-in-process (WIP) is typically listed first as it represents the costs incurred from the previous month or period that need to be accounted for in the current report. The total equivalent units, cost of goods finished for the month, and total costs accounted for would all typically appear later in the report.

On a Production Cost Report,which Item Would Appear First