Costs that are incurred in last department, where product has been processed and will be carried to next department for further processing are called

Solution (By Examveda Team)

Costs that are incurred in last department, where product has been processed and will be carried to next department for further processing are called transferred-in costs. Transferred-in costs are costs accumulated during the upstream production processes within a company. Transferred-in costs are the costs accumulated by the product at any given point in production.