A cost received by a subsequent process from a prior process is referred to as a:
A) cost of ending work-in-process.
B) cost of goods transferred out.
C) transferred-in cost.
D) cost of beginning work-in-process.

Question

Quizplus · Accepted Answer

A transferred-in cost is a cost received by a subsequent process from a prior process. The other answer choices do not accurately describe this type of cost.

A Cost Received by a Subsequent Process from a Prior