When the average costing method is used in process costing,all costs incurred by a department or production process are divided by the equivalent units produced during the period to determine the average cost per unit produced.

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Quizplus · Accepted Answer

This statement is true. The average costing method in process costing calculates the average cost per unit produced by dividing all costs incurred by a department or production process by the equivalent units produced during the period.

When the Average Costing Method Is Used in Process Costing,all