Transferred-in costs
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Transferred-in costs is costs incurred in previous departments that are carried forward as the product's costs when it moves to a subsequent process in the production cycle. Also called previous department costs.
Definitions
According to Cost Accounting by Horngren, Datar, Rajan (14th edition),
- Transferred-in costs. Costs incurred in previous departments that are carried forward as the product's costs when it moves to a subsequent process in the production cycle. Also called previous department costs.
