The costs that are transferred out from one process to another process become transferred in costs for the receiving process.

Name: The costs that are transferred out from one process to another process become transferred in costs for the receiving process.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This statement is true. Transferred out costs from one process are treated as transferred in costs for the receiving process. This helps in accurately tracking the cost of production as it moves from one process to another.

The Costs That Are Transferred Out from One Process to Another