Which of the following statements is true about the work-in-process inventory?

a.It consists of completed jobs that have not been sold.

b.It consists of completed jobs that have already been sold.

c.It consists of the costs of the direct and indirect materials that have not yet entered the manufacturing process.

d.It consists of direct materials costs, direct labor costs, and factory overhead costs that have entered the manufacturing process but are associated with products that have not been completed.