The last step of the 5-step process costing procedure is to assign total costs to units completed and to units in ending WIP inventory.

Name: The last step of the 5-step process costing procedure is to assign total costs to units completed and to units in ending WIP inventory.
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Quizplus · Accepted Answer

This is correct. The last step of process costing is to assign total costs to units completed and ending WIP inventory. This is necessary to properly calculate the cost per unit and determine the value of inventory on hand.

The Last Step of the 5-Step Process Costing Procedure Is