Which of the Following Statements Is True of Process Costing

question 26

Multiple Choice

Which of the following statements is true of process costing?

• A) It uses one Work-in-Process Inventory account.
• B) It tracks and assigns both period costs and product costs to units produced.
• C) It accumulates product costs by production departments.
• D) It assigns manufacturing overhead costs to products only in the last production process.

---

Definitions:

Horizontal Division

The organization of work or responsibilities among individuals or groups at the same level within an organization.

Information Architecture

The design and organization of content, pages, and data on websites or within digital products to help users find information and complete tasks efficiently.

Direct Link

A direct connection or URL that takes the user straight to a specific webpage or resource without any redirections.

Entry Points

Locations or moments where a user or system can access or begin to interact with a program, network, or facility.