Work in Progress at year end is equal to
Only closing stock of materials
Only work certified
Only Uncertified work
Sum of all the above
Answers
Answered by
0
Answer:
I don't know what can I do
Explanation:
i don't know what can I do byyy good night and see you tomorrow
Answered by
0
Work in Progress at year end is equal to sum of all the above
- Work in progress is the complete inventory and the work related to it. This applies to the goods that are still in the development process and are partially completed.
- For goods that are at distinct stages of the manufacturing process, WIP properly applies to the total work, raw materials, labour, and also the overhead costs incurred.
- Towards the end of the accounting period, a firm correctly calculates for the work in progress. It ideally allows the firm to assess the worth of extensive inventory in the manufacturing process.
Similar questions