Chapter 19, Problem 12Q

To determine

Cost of Work in Process: Cost of work in process is the difference between manufacturing cost and total cost of goods manufactured. Beginning work in process is added to manufacturing cost and the total of these two is subtracted from total cost of goods manufactured.

Cost of Goods Manufactured: The sum of all the costs incurred to produce a product is called cost of goods manufactured. It is presented in the income statement.

Manufacturing Cost: It is the total quantitative value of all the efforts and resources employed in for production. It includes all types of materials and human efforts used by a business.

To identify: The meaning of x in (a) $\text{A}+\text{B}=x$ and (b) $\text{A}+\text{B}-\text{C}=x$.