A Characteristic of Products That Are Produced in a Series

question 14

Multiple Choice

A characteristic of products that are produced in a series of steps or processes is that ________.

• A) their costs are accumulated on a job cost record
• B) they are homogeneous and made in large quantities
• C) their costs are transferred to Finished Goods Inventory as jobs are completed
• D) their costs are accounted for in one Work-in-Process Inventory account