the balance of the work in process account is equal to
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Explanation:
The balance in the Work in Process account equals: the balance in the Finished Goods inventory account.
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Introduction:
Work in process denotes things that are only half done. These items are also known as goods-in-process.
Explanation:
Some people define work in process as items that go from raw ingredients to final product in a short period of time. Manufactured items are an example of a work in process.The Work in Process account balance matches the Finished Goods inventory account balance.
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