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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Definitions:

New England

A region in the northeastern United States comprising six states: Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont.

James II

was the King of England, Ireland, and Scotland from 1685 to 1688, whose reign ended with the Glorious Revolution due to his attempts to reinstitute Catholic dominance in England.

William and Mary

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British Constitution

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