Selected data and additional information from the company's records are presented below:
Additional information:
-Refer to Mary Kay Cosmetics. What amount was recorded as depreciation expense during 2014?
Definitions:
Ending Work in Process
The total value of goods that are in the production process but are not yet complete by the end of an accounting period.
Beginning Inventory
The worth of products ready for purchase at the beginning of a financial period.
Transferred In
Costs or value brought into a new account or process, often used in manufacturing to describe costs from a previous process carried into another.
Beginning Work in Process
The worth of products that are undergoing manufacturing at the beginning of a financial period.
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