Beginning work in process is equal toA) cost of goods manufactured plus ending work in process minus manufacturing costs incurred during the current periodB) cost of goods manufactured minus ending work in process plus manufacturing costs incurred during the current periodC) ending work in process plus manufacturing costs incurred during the current periodD) manufacturing costs incurred during the current period minus ending work in process

Question

Beginning work in process is equal toA)  cost of goods manufactured plus ending work in process minus manufacturing costs incurred during the current periodB)  cost of goods manufactured minus ending work in process plus manufacturing costs incurred during the current periodC)  ending work in process plus manufacturing costs incurred during the current periodD)  manufacturing costs incurred during the current period minus ending work in process

Samuel Galbreath · Accepted Answer

Final Answer : A, Explanation :  Beginning work in process is calculated as the cost of goods manufactured plus the ending work in process minus the manufacturing costs incurred during the current period. This formula rearranges the basic cost flow equation to solve for the beginning balance.

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