In Backflush Costing, Any Remaining Balance in the Conversion Costs

question 37

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.
• C) Finished Goods Inventory.
• D) Cost of Goods Sold, WIP and Finished Goods Inventory proportionately.

---

Definitions:

Politic Appropriately

The practice of navigating and engaging in workplace or organizational politics in a manner that is considered suitable and tactful.

Evaluating Organization

The practice of assessing the structures, procedures, and outcomes within an organization to determine effectiveness and efficiency.

Observing And Listening

The act of paying attention and actively understanding information through sight and sound.

Turning Up Sensitivity

Enhancing one's responsiveness or receptivity to emotional, physical, or social stimuli.