In T-account entries,costs can be added throughout the fiscal year in the Conversion Costs ________ account;and,the Conversion Control ________ account.
A)costing;control
B)control;process
C)allocated;process
D)control;allocated
E)process;control

Question

Quizplus · Accepted Answer

Conversion costs are added to the Conversion Costs Control account throughout the fiscal year. The Conversion Control account is used to track the actual conversion costs incurred during the period.

In T-Account Entries,costs Can Be Added Throughout the Fiscal Year