The document many process costing companies use to summarize the entire five-step process on one schedule is called the
A)conversion report.
B)income costing statement.
C)bill of materials.
D)production cost report.

Question

Quizplus · Accepted Answer

The production cost report is a document used in process costing that summarizes the entire five-step process on one schedule. It includes information on the total units started and completed, the total costs incurred, and the cost per equivalent unit for both direct materials and conversion costs.

The Document Many Process Costing Companies Use to Summarize the Entire