In backflush costing,any remaining balance in the conversion costs account at the end of the accounting period is charged to ________.
A)Cost of Goods Sold
B)Work-in-Process Inventory
C)Finished Goods Inventory
D)Direct Materials Inventory

Question

Quizplus · Accepted Answer

In backflush costing, any remaining balance in the conversion costs account is typically charged to Cost of Goods Sold to reflect the costs associated with the goods that have been sold during the period.

In Backflush Costing,any Remaining Balance in the Conversion Costs Account