Accountancy, asked by poojajeena, 7 hours ago

the work is progress is valued on 1.prime cost 2. work cost 3. a nd b both 4. cost of production

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Answered by jigarmansuri786

Answer:

Explanation:

Answer:WIP refers to the raw materials, labor, and overhead costs incurred for products that are at various stages of the production process. ... The WIP figure reflects only the value of those products in some intermediate production stages. This excludes the value of raw materials not yet incorporated into an item for sale.

Explanation:

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