When using a standard costing system,which of the following should be recorded to transfer

Question

Quizplus · Accepted Answer

When using a standard costing system, finished goods should be recorded at their standard cost and work in process should also be credited at their standard cost. This helps to accurately track the cost of goods sold and properly allocate overhead costs. This is why option B is the correct choice. Options A and D involve recording at actual cost which would not be helpful in a standard costing system. Option C involves debiting finished goods at standard cost but crediting work in process at actual cost which would not accurately reflect the cost of production.

When Using a Standard Costing System,which of the Following Should