Opening balance of wip is recorded on
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Subject:
Accountancy -
Author:
noemi -
Created:
1 year ago
Answers 1
The general ledger account used to track work in progress is the work in progress inventory account. All costs associated with the work in progress inventory is taken into account, including raw materials cost, direct labor costs, and factory overhead cost
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Author:
sloanekey
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Rate an answer:
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