Total manufacturing costs incurred during the year do not include:
A) Direct materials used.
B) Factory supplies used.
C) Goods in process inventory, beginning balance.
D) Direct labor.
E) Depreciation of factory machinery.

Question

Quizplus · Accepted Answer

Goods in process inventory, beginning balance, is not a cost incurred during the current year but is a balance carried forward from the previous year.

Total Manufacturing Costs Incurred During the Year Do Not Include