FINANCIAL+MANAG.ACCT.
FINANCIAL+MANAG.ACCT.
9th Edition
ISBN: 9781260728774
Author: Wild
Publisher: RENT MCG
Question
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Chapter 22, Problem 18QS
To determine

Transfer price:

Sometime when a company is very huge they manufacture one part for their further manufacturing process and to sell outside as well. So, the price at which the one department sells goods to other department of the same company is called transfer price.

To explain: Transfer price for transferring goods from one department to another.

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