Which of the following determines whether the costs assigned to units transferred out and to units in ending work in process are equal to the costs in beginning work in process plus the manufacturing costs incurred in the current period?
A)equivalent unit of output
B)cost reconciliation
C)batch production process
D)transferred-in costs

Question

Quizplus · Accepted Answer

Cost reconciliation is the process that ensures the costs assigned to units transferred out and to units in ending work in process are equal to the costs in beginning work in process plus the manufacturing costs incurred in the current period. It reconciles total costs, ensuring accuracy in cost accounting.

Which of the Following Determines Whether the Costs Assigned to Units