Which of the Following Statements Regarding a Process Costing System

question 56

Multiple Choice

Which of the following statements regarding a process costing system is false?

• A) Use of a process costing system would be appropriate for a company that manufactures luxury yachts.
• B) Unit costs are computed for each department.
• C) The number of equivalent units for a period takes into account the stage of completion of ending work in process inventory.
• D) Unit cost is determined for a designated period of time.

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