The basis used in computing unit cost for the process costing system is made up of certain specific jobs worked on during the fiscal year.

Name: The basis used in computing unit cost for the process costing system is made up of certain specific jobs worked on during the fiscal year.
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The process costing system does not use specific jobs as the basis for computing unit cost. Instead, it calculates the average cost per unit of all the units produced during the fiscal year.

The Basis Used in Computing Unit Cost for the Process