What is the term for the cost of the partially completed goods at the end of the period?
A)the beginning work-in-process inventory
B)the cost of goods manufactured
C)the ending work-in-process inventory
D)the ending finished goods inventory

Question

Quizplus · Accepted Answer

The term for the cost of the partially completed goods at the end of the period is the ending work-in-process inventory. This refers to the value of the partially completed goods that remain in the production process at the end of the accounting period. It is important to properly account for this inventory in order to accurately calculate the cost of goods manufactured.

What Is the Term for the Cost of the Partially