Intent

question 81

Multiple Choice

Intent:

• A) Need not be proved directly
• B) Must be proved
• C) Must be proved with evidence
• D) Both "b" and "c"

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Definitions:

Units Started

The quantity of units that began production over a particular period in the manufacturing process.

Beginning Work in Process

The inventory of production goods that have been partially completed but are not yet finished at the start of a period.

Ending Work in Process

The value of goods that are in the production process but not yet complete at the end of an accounting period.

Transferred Out

Transferred Out is a term often used in accounting and inventory control to denote goods or assets moved from one department, location, or account to another.