Process costing is most likely used in which of the following industries?
A)Pharmaceuticals
B)Health Care
C)Shipbuilding
D)Construction

Question

Quizplus · Accepted Answer

Process costing is used in industries where the production process involves a continuous flow of identical or similar products, such as in the pharmaceutical industry. In process costing, costs are accumulated by process or department and then allocated to the units produced. The other industries mentioned (health care, shipbuilding, and construction) involve more customized production, making them less likely to use process costing.

Process Costing Is Most Likely Used in Which of the Following