The costs that were incurred in a previous process and brought into a later process as part of the product's cost are called ________ costs.
A) transferred in
B) transferred out
C) accounted for
D) to account for

Question

Quizplus · Accepted Answer

Transferred in costs are incurred in a previous process and brought into a later process as part of the product's cost. "Transferred out" does not refer to this concept, "accounted for" is a generic term that doesn't specifically refer to costs, and "to account for" is a verb phrase rather than a specific type of cost.

The Costs That Were Incurred in a Previous Process and Brought