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:

Crop Failure

An event where agricultural crops grown do not produce a sufficient yield, often due to weather conditions, pests, disease, or lack of resources.

Agrarian Colony

A settlement primarily engaged in agriculture, established for the purpose of producing crops and livestock.

Native Americans

The indigenous peoples of the United States, including various tribes, who were the original inhabitants of the land prior to European colonization.

Fur Trappers

Individuals or workers engaged in the trapping and trading of animal fur, often in the wilderness, a common occupation during the frontier days of North American exploration and settlement.