Which of the following is not a step in preparing a process costing report?
A)Trace materials cost to individual jobs.
B)Track the physical flow.
C)Compute equivalent units.
D)Collect costs to allocate.
E)Calculate the rate per equivalent unit.

Question

Quizplus · Accepted Answer

Trace materials cost to individual jobs is not a step in preparing a process costing report since process costing involves the accumulation of costs for a process or department rather than tracking costs for individual jobs.

Which of the Following Is Not a Step in Preparing