Units transferred from a prior process to a subsequent process are referred to as
A) transferred in units
B) finished goods
C) cost of goods sold
D) beginning goods

Question

Quizplus · Accepted Answer

Units transferred from a prior process to a subsequent process are commonly referred to as "transferred in units", as they are transferred from one process to another to complete the manufacturing or production process. Option B (finished goods) refers to end products that have completed the manufacturing process and are ready for sale, while option C (cost of goods sold) refers to the cost of producing the goods that have been sold. Option D (beginning goods) is not a term typically used in relation to the transfer of units between processes.

Units Transferred from a Prior Process to a Subsequent Process