Rounding is often necessary to make the Production Report cumulative cost total agree
to the total costs accounted for. In the following periods, the amount of the adjustment
is either added to or subtracted from the ____ in work in process.
direct materials
direct labor
manufacturing overhead
credit entry
Question 8 4 pts
A firm had a beginning work in process inventory totaling $4,000 and current period
costs of $22,500. Equivalent production was 5,000 units, and 3,000 units were
completed and transferred to the finished goods inventory. Inventory costs would be
determined using a unit cost of
