Assuming that ending work in process from the previous period is positive, then the ending balance...

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Assuming that ending work in process from the previous period is positive, then the ending balance...

Assuming that ending work in process from the previous period is positive, then the ending balance for the work in process in the current period is the difference between units started and units transferred out. True or False

business accounting

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Answer 1

Answer #1

Answer----- False

.

If beginning work in process inventory is positive then ending work in process will be beginning inventory plus units started minus units transferred out.

The answer would only be true if there was no beginning inventory.

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Answer 2

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Assuming that ending work in process from the previous period is positive, then the ending balance...

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