whuch Which of the following Coster always transferred out of last work in progr

Question

whuch Which of the following Coster always transferred out of last work in progress account and the end of the period under a FIFO process I costing system?

QUESTION 19 Not complete Points out of 4.00 Flag question Which of the following costs are always transferred out of the last Work in Process account at the end of the period under a FIFO process costing system? Select one: O A. All costs associated with beginning inventory O B. All costs associated with ending inventory O C. All costs incurred this period O D. All costs associated with items that were transferred out this period O E. None of the above Check

Explanation / Answer

option D is correct.

Cost which are associated with the items that are transfered out are transferred out from the last work in progress at the end of the period.

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