From the industries listed below, which one is most likely to use process costing in accounting for production costs?
A)Printing shop.
B)Accounting firm.
C)Electrical contractor.
D)Steel mill.
E)Automobile repair shop.

Question

Quizplus · Accepted Answer

Steel mills typically use process costing because they produce large quantities of similar products, making it easier to allocate costs across entire processes rather than individual units.

From the Industries Listed Below, Which One Is Most Likely