Asked by Hallie Adair on Jun 26, 2024
Verified
Which of the following are needed to calculate ending work in process under process costing?
A) 
B) 
C) 
D) 
Process Costing
A costing method used in manufacturing where costs are assigned to processes or departments, suitable for continuous production environments.
Ending Work In Process
The value of partially completed goods at the end of an accounting period, in production but not yet finished.
- Compute the expense associated with the production of goods and the closing inventory of work in process.
Verified Answer
BB
bridget brandaJun 28, 2024
Final Answer :
B
Explanation :
To calculate ending work in process under process costing, you need to know the total costs incurred in the process (direct materials, direct labor, and manufacturing overhead) and the number of equivalent units of production. Choice B contains the necessary information as it provides the number of equivalent units and the total costs incurred in the process.
Learning Objectives
- Compute the expense associated with the production of goods and the closing inventory of work in process.
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