Which of the Following Statements Regarding Transferred-In Costs Is True

question 31

Multiple Choice

Which of the following statements regarding transferred-in costs is true?

• A)The number of equivalent units for transferred-in costs in ending Work in Process inventory is the same as the number of physical units transferred-in present in the ending Work in Process inventory.
• B)When considering only transferred-in costs, the cost of beginning inventory must equal the cost of the ending inventory.
• C)Transferred-in units are assumed to be 0 percent complete when the cost per equivalent unit calculation is performed.
• D)All of these answer choices are correct.

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