For a manufacturer, beginning work in process would be equal to
A) cost of goods manufactured + ending work in process inventory - manufacturing costs incurred in the period.
B) cost of goods manufactured - ending work in process inventory + manufacturing costs incurred in the period.
C) ending work in process inventory + manufacturing costs incurred in the period.
D) manufacturing costs incurred in the period - ending work in process inventory.

Question

Quizplus · Accepted Answer

The beginning work in process is calculated by taking the cost of goods manufactured, adding the ending work in process inventory, and then subtracting the manufacturing costs incurred during the period.

For a Manufacturer, Beginning Work in Process Would Be Equal