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Author Question: Work-in-process inventory would normally include ________. (Read 11 times)

joblessjake

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on: Mar 6, 2021

Question 1

Which of the following is not reported on the income statement of a manufacturing firm?
◦ cost of goods sold
◦ administrative and selling expenses
◦ work in progress
◦ marketing and distribution costs

Question 2

Work-in-process inventory would normally include ________.
◦ direct materials in stock and awaiting use in the manufacturing process
◦ goods partially worked on but not yet fully completed
◦ goods fully completed but not yet sold
◦ goods returned after being sold to be re-worked on further improvements and quality
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
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Marked as best answer by joblessjake on Mar 6, 2021

brittrenee

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Reply #1 on: Mar 6, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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joblessjake

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Reply 2 on: Mar 6, 2021
Great answer, keep it coming :)

6ana001

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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