Identify which one of the following statements regarding process costing is true.
A) The unit cost for inventory purposes is calculated by accumulating the costs of all processing departments and dividing the total costs by the number of units produced.
B) Individual jobs exist in process costing.
C) Process- costing systems are usually simpler than job- order costing systems.
D) The process- costing approach does not distinguish among individual units of product.

Question

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The Answer of Identify which one of the following statements regarding process costing is true.
A) The unit cost for inventory purposes is calculated by accumulating the costs of all processing departments and dividing the total costs by the number of units produced.
B) Individual jobs exist in process costing.
C) Process- costing systems are usually simpler than job- order costing systems.
D) The process- costing approach does not distinguish among individual units of product.

Identify Which One of the Following Statements Regarding Process Costing