Inventory cost calculation methods and their impacts on the determination of work-in-progress value at the end of a period

This study explores the impact of inventory cost calculation methods on the value of work-in progress at the end of a period. The study finds that each method will have a different value for ending work-in-progress. Hence, enterprises can use their actual production costs to choose an appropriate inventory costing calculation method. This study is expected to help corporate executives have a proper assessment of work-in-progress evaluation and the cost of the finished goods, so that information can be disclosed on expenses, profit, and the cost of the finished goods as expected.