nder process costing, costs assigned to goods sold are transferred to the Cost of Goods Sold account from the ________. A perp

Question

3 years ago

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nder process costing, costs assigned to goods sold are transferred to the Cost of Goods Sold account from the ________. A perp

etual inventory system is used. A. Work-in-Process Inventory account B. Finished Goods Inventory account C. Sales Revenue account D. Raw Materials Inventory account g

Physics

1 answer:

Reika [66] · Answer 1 · 2022-08-02T07:32:42+03:00

Answer:

B

Explanation:

Under process costing, costs assigned to goods sold are transferred to the Cost of Goods Sold account from the Finished goods inventory account

The simple reason can be that Earlier than they are transferred to cost of goods sold account and being sold, they are finished goods right before it. So, they are actually transferred from finished goods inventory account only.

nder process​ costing, costs assigned to goods sold are transferred to the Cost of Goods Sold account from the​ ________. A perp

nder process costing, costs assigned to goods sold are transferred to the Cost of Goods Sold account from the ________. A perp