On a production cost report,which costs comprise WIP inventory?
A)Direct materials and direct labor
B)Direct materials and manufacturing overhead
C)Direct labor and manufacturing overhead
D)Direct materials,direct labor,and manufacturing overhead

Question

Quizplus · Accepted Answer

WIP inventory includes all costs incurred in production, which are direct materials, direct labor, and manufacturing overhead.

On a Production Cost Report,which Costs Comprise WIP Inventory