Which of the following is a cost transferred from a prior process to a subsequent process?
A)a work-in-process transfer cost
B)the beginning work-in-process cost
C)a transferred-in cost
D)an added-in cost

Question

Quizplus · Accepted Answer

A transferred-in cost is a cost transferred from a prior process to a subsequent process. A work-in-process transfer cost refers to the cost of goods transferred from one work center to another within the same manufacturing facility. The beginning work-in-process cost refers to the cost of the goods that are partially completed at the beginning of a period. An added-in cost is a cost incurred in a manufacturing process that is not directly associated with a particular unit of production but is added to the overall cost of the products being manufactured.

Which of the Following Is a Cost Transferred from a Prior