Process-costing is used to help set selling prices, but is not used to determine inventory values for financial accounting.
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Q1: In process-costing, material costs are not traced
Q2: Companies that produce products in continuous-flow production,
Q4: Conversion costs of resources used by processes
Q5: Conversion costs of resources used by processes
Q6: Temporary labor is normally a batch-level conversion
Q7: In process costing, material costs are traced
Q8: The first step in the process costing
Q9: The first step in the process costing
Q10: The basic cost flow model to help
Q11: Equivalent units represent the amount of physical
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