Process costing would most likely be used to assign costs to products produced by which of these companies?
A) Jones Flour Mill
B) Riley Automobile Dealer
C) Big Time Yacht Corporation
D) Sullivan and Murphy Law Firm LLC

Question

Quizplus · Accepted Answer

Process costing is commonly used to assign costs to products that are mass-produced in continuous or repetitive processes, such as in the case of flour mills.

Process Costing Would Most Likely Be Used to Assign Costs