All physical units, whether completed and transferred out or still in ending work in process, are considered 100% complete with respect to transferred-in work and costs.

Question

Quizplus · Accepted Answer

This means that all physical units, whether fully completed or still in process, are considered to have 100% of the costs related to the work they received from previous processes, known as "transferred-in costs."

All Physical Units, Whether Completed and Transferred Out or Still