Question

Under process​ costing, the total production costs incurred in each process must be split between the units that have been completed in that process and transferred to the next process and the​ ________. A. units not completed and remaining in​ Work-in-Process Inventory for that department B. Cost of Goods Sold when the units are sold C. ​Work-in-Process Inventory of the previous department when there are no sales D. Finished Goods Inventory if it is the first process

Answer 1

Answer:

A. units not completed and remaining in​ Work-in-Process Inventory for that department

Explanation:

Transferred to Department cost +

Ending WIP  cost

Total costs assigned by the Department

The department start with a givne inventory, from which units are started or transferered-in form a previous process.

Cost are generated during the period (material, labor and ovehead)

The accounting determinates the units for which those cost should be accounted for

Then, they are allocated o the complete and transferred and the ending inventory inventory.