Source data for work in process at the beginning of the accounting period comes from the?...
Source data for work in process at the beginning of the accounting period comes from the?
a.materials inventory in the general ledger.
b.Income Statement columns of the work sheet.
c.work in process inventory in the general ledger.
d.Adjusted Trial Balance columns of the work sheet.
Homework Answers
Correct answer-----------c.work in process inventory in the general ledger.
.
Beginning and ending balance of work in process account can be taken from Work in process ledger.
Income statement do not provide any information regarding work in process account and Adjusted trial balance have ending balance of work in process account not beginning balance.
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