Costing systems that are used for the costing of like or similar units of products in mass production are called:
A)inventory-costing systems.
B)job order costing systems.
C)process-costing systems.
D)conversion costing systems.

Question

Quizplus · Accepted Answer

Process-costing systems are used for mass-produced, homogeneous products that go through a continuous production process. This system calculates the cost of each unit by averaging the total cost of production over the total number of units produced. Inventory-costing systems, job order costing systems, and conversion costing systems are not appropriate for mass production settings.

Costing Systems That Are Used for the Costing of Like