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Q. |
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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