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

Question

Quizplus · Accepted Answer

Beginning work-in-process cost refers to partially completed goods from a prior period that have not yet been completed. Work-in-process transfer cost refers to the cost of transferring partially completed goods from one department to another. Transferred-in cost refers to the cost of goods that have been transferred from a previous department in the production process. An added-in cost refers to the cost of materials or labor added to a product during a specific stage of production.

Which of the Following Is the Cost of Partially Completed