Examlex
Match the person or term with the with the correct description.
-Zimmerman Telegram
Transferred Out
In manufacturing and accounting, refers to goods or materials that have been moved from one process or department to another in the production process.
Weighted-Average Method
A cost-flow assumption used in inventory valuation and costing, calculating the cost of goods sold and ending inventory based on a weighted average of costs.
Equivalent Unit
A concept used in process costing that represents the amount of work done on incomplete units, expressed in terms of fully completed units.
Weighted-Average Method
An inventory costing method that calculates the cost of ending inventory and the cost of goods sold based on the average cost of all inventory units.
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