After the Completion of a Product, the Product Costs Are

question 21

Multiple Choice

After the completion of a product, the product costs are transferred to:

• A) Work-in-process
• B) Finished goods
• C) Period costs
• D) Manufacturing overhead

---

Definitions:

Just-In-Time Practices

Manufacturing and inventory strategy where materials and products are produced or acquired only as needed for use, reducing waste and inefficiencies.

Railroads

Transportation systems comprising tracks, trains, and supporting infrastructure that serve as a method for moving goods and people over long distances.

Postponement

The delay of any modifications or customization to a product as long as possible in the production process.

Accumulation

The process of gradually gathering or increasing amounts of something over time.