Question

What is work in process inventory generally described as?

a) Costs associated with the end stage of manufacturing that are almost always complete and ready for customers.
b) Costs strictly associated with direct labor.
c) Beginning stage production costs associated with labor costs dealing with bringing in raw materials from the shipping docks.
d) Costs applicable to units that have been started in production but are only partially completed.

Answer 1

Work in process inventory is generally described as the costs applicable to units that have been started in production but are only partially completed.

Step-by-step explanation:

The work in process inventory is generally described as the costs applicable to units that have been started in production but are only partially completed. It represents the partially completed goods that are in the process of being transformed from raw materials into finished products. This inventory category includes the costs of direct materials, direct labor, and factory overhead that have been incurred on products that are not yet completed.