Identify Which One of the Following Statements Regarding Process Costing

question 27

Multiple Choice

Identify which one of the following statements regarding process costing is true.

• A)Process-costing systems are usually simpler than job-order costing systems.
• B)Individual jobs exist in process costing.
• C)The process-costing approach does not distinguish among individual units of product.
• D)The unit cost for inventory purposes is calculated by accumulating the costs of all processing departments and dividing the total costs by the number of units produced.

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