In Backflush Costing, Any Remaining Balance in the Conversion Costs

question 43

Multiple Choice

In backflush costing, any remaining balance in the conversion costs account at the end of an accounting period is charged to _____.

• A)Cost of Goods Sold
• B)Work-in-Process Inventory
• C)Finished-Goods Inventory
• D)Cost of Goods Sold, WIP Inventory, and Finished-Goods Inventory proportionately

---

Definitions:

Theory

A set of principles and ideas intended to explain facts or phenomena.

Influence

The capacity to have an effect on the character, development, or behavior of someone or something, or the effect itself.

Psychology

The scientific study of the mind and behavior, encompassing a wide range of topics from cognitive processes to social interactions and mental health.

Sexuality

Refers to how individuals experience and express themselves as sexual beings, involving desires, beliefs, and behaviors.