Question

As soon as products are completed, their product costs are transferred from Raw Materials Inventory to Finished-Goods Inventory. True False

Answer 1

True

Step-by-step explanation:

In the case when the products is completed in all respects so here the product cost that involved direct material cost, direct labor cost, and overhead cost from raw material inventory would be transformed to the finished goods inventory

Therefore the given statement is true

hence, the correct option is first