Industries that typically use process cost systems include chemicals, oil, metals, food, paper, and pharmaceuticals.

Name: Industries that typically use process cost systems include chemicals, oil, metals, food, paper, and pharmaceuticals.
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Question

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This is a correct statement. Process cost systems are a commonly used accounting method in industries where products are produced in large quantities, such as chemicals, oil, metals, food, paper, and pharmaceuticals.

Industries That Typically Use Process Cost Systems Include Chemicals, Oil