Of the following process costing steps, which must be done last?
A) Compute the equivalent units of production.
B) Compute the costs per equivalent unit of production.
C) Measure the physical flow of resources.
D) Identify the product costs to account for.

Question

Quizplus · Accepted Answer

The last step in process costing is to compute the costs per equivalent unit of production, after measuring the physical flow of resources, identifying the product costs, and computing the equivalent units of production.

Of the Following Process Costing Steps, Which Must Be Done