Accounting MCQ
Financial Accounting
For a manufacturing company, the combination of the cost of raw materials, direct labor, and overhead for inventory that has not yet completed production is known as:
For a manufacturing company, the combination of the cost of raw materials, direct labor, and overhead for inventory that has not yet completed production is known as:
For a manufacturing company, the combination of the cost of raw materials, direct labor, and overhead for inventory that has not yet completed production is known as:
A) Work-in-process.
B) Finished goods.
C) Merchandise.
D) Retail goods.
Answer: Work-in-process.
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