Transferred-in costs are incurred in a previous process and are carried forward as part of the product's cost when it moves to the next process.

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Transferred-in costs are costs incurred in a previous process and are included in the cost of a product when it moves to the next process. These costs become part of the product's cost, and they are not separately accounted for in the next process. As a result, these costs are sometimes referred to as "carried forward costs."

Transferred-In Costs Are Incurred in a Previous Process and Are