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

Question

Quizplus · Accepted Answer

Cost reconciliation is the last step in the general pattern of a process-costing production report, ensuring that the accounted costs match the costs transferred out plus the costs remaining in ending work in process.

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