Which step is cost reconciliation in the general pattern of a process costing production report?
A) the last step
B) part of the physical flow analysis
C) the step before the computation of unit cost
D) the step before calculation of equivalent units

Question

Quizplus · Accepted Answer

Cost reconciliation is the last step in the general pattern of a process costing production report. It involves comparing the total cost of units accounted for with the total cost of units completed, then adjusting for any discrepancies.

Which Step Is Cost Reconciliation in the General Pattern of a Process