Which of the Following Best Describes Transferred-In Costs

Multiple Choice

Which of the following best describes transferred-in costs?

A) they are the cost of transferring products from a vendor
B) they are value-added costs that are only considered in the first-in,first out process costing system
C) costs incurred in a previous department or process that are carried forward as the product's cost as that product moves to another department or process in the production cycle
D) they are the shipping costs related to finished goods that are transported to a customer's location