In Process Costing,which Account Will the Cost of Finished Goods

question 139

Multiple Choice

In process costing,which account will the cost of finished goods be transferred to when the goods are sold?

• A)cost of goods sold
• B)completed processes
• C)finished goods
• D)sales

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Definitions:

Performance Goals

Objectives aimed at demonstrating competence or achieving a specific standard of excellence in a task or activity.

Performance Goal

Objectives centered around achieving a specific standard of proficiency on a task, usually within a specified time.

Approach Goal

A goal that focuses on achieving a positive outcome or moving towards something desirable.

Avoidance-Avoidance Conflict

A psychological conflict that arises when an individual must choose between two negative or undesirable options.