The cost of goods that have been completed but are not yet sold are part of work in process inventory

Name: The cost of goods that have been completed but are not yet sold are part of work in process inventory
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Question

Quizplus · Accepted Answer

The cost of goods that have been completed but are not yet sold are part of finished goods inventory, not work in process inventory. Work in process inventory refers to materials that are in the process of being converted into finished goods.

The Cost of Goods That Have Been Completed but Are