Which of the following statements is true for transferred-in costs?

a.

Transferred-in costs are an allocated indirect cost in process costing.

b.

All transferred-in costs during a given period are carried at one average unit cost.

c.

Transferred in costs are costs which have been incurred in a preceding department.

d.

Transferred-in costs are excluded because the units are excluded when calculating equivalent units

e.

Transferred-in costs are permitted as part of ending inventory under ASPE but not under ISFR