This Question: 1 pt 2 of 41 This Test: 45 pts poss A characteristic of products

Question

This Question: 1 pt 2 of 41 This Test: 45 pts poss A characteristic of products that are produced in a series of steps or processes is that O A. they are homogeneous and made in large quantities. B, their costs are transferred to Finished Goods Inventory as jobs are completed. 0 C their costs are accounted for in one Work-in-Process Inventory account 0 D, their costs are accumulated on a job cost record. high nding rials into ed units Click to select your answer 3:23 PM AI 9.fa Pa j ^*.mees Backspace Home 9 0 End Break

Explanation / Answer

Answer: Option A. they are homogeneous and made in large quantities.

A series of steps or processes for manufacturing products is used in process costing wherein the products manufactured are in bulk and identical to one another. Hence, option A. is correct.

Options B., C., and D. pertain to job order costing wherein the job costs are accumulated on a job cost card and accounted for in one work in process inventory account and then transferred to finished goods inventory as jobs are completed.

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