Which of the Following Is Not True Regarding the Work-In-Process

Multiple Choice

Which of the following is not true regarding the Work-in-Process Inventory account?

A) The Work-in-Process Inventory account accumulates the cost of raw materials transferred to the factory floor.
B) The Work-in-Process Inventory account accumulates the cost of direct labor used in production.
C) The Work-in-Process Inventory account accumulates the manufacturing overhead costs.
D) The Work-in-Process Inventory account accumulates the administrative costs.
E) The Work-in-Process Inventory account is credited for the manufacturing costs assigned to the finished units transferred to the finished goods storeroom.