Which of the Following Is the Last Step of the 5-Step

question 35

Multiple Choice

Which of the following is the last step of the 5-step process costing procedure?

• A)Summarize total costs to account for
• B)Assign total costs to units completed and to units in ending WIP inventory
• C)Compute the cost per equivalent unit
• D)Summarize the flow of physical units

---

Definitions:

Internal Person

Another term for an inside candidate or an existing employee considered for opportunities within the same organization.

Financial Performance

The measure of an organization's profitability, revenue, expenses, and overall financial health.

CEO

Chief Executive Officer; the highest-ranking person in a company or other institution, ultimately responsible for making managerial decisions.

Six to 12 Months

A time frame often referenced in planning and projections, indicating a short to medium term horizon.