Which of the Following Best Describes Transferred-In Costs

question 131

Multiple Choice

Which of the following best describes transferred-in costs?

• A) they are the cost of transferring products from a vendor
• B) they are value-added costs that are only considered in the first-in,first out process costing system
• C) costs incurred in a previous department or process that are carried forward as the product's cost as that product moves to another department or process in the production cycle
• D) they are the shipping costs related to finished goods that are transported to a customer's location