Which of the Following Is Not True Regarding the Work-In-Process

question 101

Multiple Choice

Which of the following is not true regarding the Work-in-Process Inventory account?

• A)The Work-in-Process Inventory account accumulates the cost of raw materials transferred to the factory floor.
• B)The Work-in-Process Inventory account accumulates the cost of direct labor used in production.
• C)The Work-in-Process Inventory account accumulates the manufacturing overhead costs.
• D)The Work-in-Process Inventory account accumulates the administrative costs.
• E)The Work-in-Process Inventory account is credited for the manufacturing costs assigned to the finished units transferred to the finished goods storeroom.

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