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Work in Process consists of ______. Multiple select question. applied manufacturing overhead applied direct materials cost actual direct labor cost actual direct materials cost actual manufacturing overhead applied direct labor cost

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adeoladokun31

Work in process consist direct material cost, actual direct labor cost and applied manufacturing overhead.

What is work in process?

Work in process is also called work in progress

refers to the production cost of goods which have not been completed in production. These include cost of raw materials and the cost of labour or additional overheads incurred during the production and of partially completed product, such as storage.

Therefore, Work in process consist direct material cost, actual direct labor cost and applied manufacturing overhead.

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azikennamdi

Work in Process consists of Direct (or raw) Materials, direct labor costs, and manufacturing overhead. It forms part of the inventory asset account, usually found on the left side of the balance sheet.

Another name for Work in Process is goods-in-process.

What is an example of Work in Process?

Manufactured goods are an example of Work in Process.

Type of Work in Process

  • Bread bases for tarts (Bakery or Cake Shop)
  • Carburetor required for motorcycle (Motorcycle Plant)
  • Lens required for the production of a Camera (Camera Mass Production Plant)

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