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

The correct answer is: C. transferred-out costs

Transferred-out costs are the costs that are incurred in a previous department and are transferred to the next department for further processing. They are also known as transferred-in costs or transferred costs.

Partial work costs are the costs that are incurred in a department on a product that is not yet complete. They are also known as work-in-process costs or unfinished goods costs.

Weighted average costs are the costs that are calculated by averaging the costs of the units that are started and completed in a department during a period.

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