What are the two sections of a production report?
A)work in process and completed goods
B)a unit information section and a cost information section
C)finished goods and cost of goods sold
D)goods produced and goods in process

Question

Quizplus · Accepted Answer

The two sections of a production report are typically a unit information section and a cost information section. The unit information section provides details on the units produced, such as quantity, quality, and any defects. The cost information section provides details on the expenses incurred during production, such as materials, labor, and overhead costs. Option A is incorrect as it refers to classifications of inventory. Option C is incorrect as it refers to financial statements. Option D is incorrect as it is not specific enough and could refer to either of the two sections mentioned in option B.

What Are the Two Sections of a Production Report