Transferred-in costs

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.