At the End of Business, on December 31, the Ford

Multiple Choice

At the end of business, on December 31, the Ford Motor Company has some cars that are only partly completed. For example, some of these cars do not yet have the motors installed. What types of costs would Ford likely have allocated to these cars in its work in process inventory?

A) Only raw materials costs
B) Only labor costs
C) Only overhead costs
D) Raw materials and labor, but not overhead
E) Raw materials, overhead, and labor costs