Question

WIP opening balance is recorded in

Answer 1

Explanation:

9u29h33obxbo3hooh3cimsorry

Answer 2

Introduction:

The cost of unfinished goods in  manufacturing process, encompassing labour, raw materials, and overhead, is referred to as work-in-progress (WIP).

Explanation:

WIP is an element of the inventory asset account on the balance sheet. These costs are subsequently charged to the finished goods account and, lastly, to the cost of sales.

As a result, it is reported in the balance sheet.