Process costing provides a system of costing where the following characteristics occur. Identify which of the following are correct:

A. Output is continually produced from the manufacturing process. Materials might be added in full at the start of a process or might be added gradually throughout the process.
B. There might be losses in the process. Process costing provides a method of measuring and costing incomplete WIP.
C. When more than one product is output, they might be called joint products or a by-product, depending upon the relative value of the products. Process costing offers methods of costing each of the different products.
D. All of the above are correct
Answer» D. All of the above are correct
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