The work in progress control account is not debited with
Answers
Answer:
selling & distribution overheads
WORKS IN PROGRESS
The work in progress control account is not debited with selling and distribution overheads.
GETTING TO KNOW MORE ABOUT WORKS IN PROGRESS :
* WIP (work-in-progress) is a manufacturing and supply-chain management phrase that refers to partially finished items that are waiting to be finished. Raw materials, labor, and overhead expenditures for items at various phases of the manufacturing process are referred to as WIP.
* On the balance sheet, WIP is a component of the inventory asset account. These expenses are then moved to the completed products account, and then to the cost of sales account.
* WIPs are one of a company's balance sheet's components. The WIP figure solely represents the value of items in various stages of production. This does not include the value of raw materials that have not yet been integrated into a product for sale.