For a firm, which produces its product through two processes, the costs in opening work in process for Process 2 are best described as
A) prior process costs.
B) transferred in costs.
C) prior period costs.
D) conversion costs.

Question

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The Answer of For a firm, which produces its product through two processes, the costs in opening work in process for Process 2 are best described as
A) prior process costs.
B) transferred in costs.
C) prior period costs.
D) conversion costs.

For a Firm, Which Produces Its Product Through Two Processes