Process cost systems are used in all of the following industries except:
A)Chemicals.
B)Ship building.
C)Oil refining.
D)Textiles.
E)Steel.

Question

Quizplus · Accepted Answer

Process cost systems are commonly used in industries that involve the production of large quantities of identical or similar products, such as chemicals, oil refining, textiles, and steel manufacturing. Ship building, on the other hand, involves the production of unique, custom-made products and is better suited to a job cost system.

Process Cost Systems Are Used in All of the Following