The Work-In-Process Inventory Account Is _____

Multiple Choice

The Work-in-Process Inventory account is _____.Product costs accumulate in the Work-in-Process Inventory account until the firm completes the goods and transfers them to _____.

A) an asset; Finished Goods Inventory
B) a liability; Finished Goods Inventory
C) an asset; Cost of Goods Sold
D) a liability; Cost of Goods Sold
E) produced capital; Cost of Goods Sold