In a process cost system total costs are determined at the end of a month or year.

Name: In a process cost system total costs are determined at the end of a month or year.
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In a process cost system, costs are accumulated throughout the accounting period and are then allocated to units of production at the end of the period. Therefore, total costs are determined at the end of the month or year.

In a Process Cost System Total Costs Are Determined at the End