Can you process Intercompany Transfers where the Dest. Org is not Configured for Costing?

Summary:

We have a situation were costing is being implemented after the the initial go live. All the US Orgs have been associated to a Cost Org, and costing has been configured to support these Inv Orgs. However, we know discover that they will need to periodically transfer some items from their US Orgs into one of their UK Orgs, where costing has not been configured. The items in US are set as Cost Enable = Y, and Asset Value = N, while in UK they are set to Cost Enabled = N and Asset Value = N