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The balance in the Work in Process Inventory account equals: Multiple Choice O the balance in the Finished Goods Inventory ac

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Correct answer------------3. The balance on the job cost sheets of incomplete jobs.

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Work in process indicate the jobs that are not yet completed but are partially completed. Finished goods are those jobs that are fully complete and are ready for sale. Manufacturing overhead is a cost that is incurred on all jobs, completed and incomplete both.

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