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H3Ko H3Ko
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Posts: 4891
7 years ago
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) Finished Goods Inventory if it is the first process
B) Cost of Goods Sold when the units are sold
C) units not completed and remaining in Work-in-Process Inventory for that department
D) Work-in-Process Inventory of the previous department when there are no sales
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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.unplugged..unplugged.
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Posts: 1272
7 years ago
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H3Ko Author
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7 years ago
I posted this question a while back then forgot to check the forum lol Thanks for answering, you were right
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