A process cost summary is an accounting report that describes the costs charged to each department, the equivalent units of production by each department, and determining the costs assigned to each department's output.

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A process cost summary is an accounting report that provides information on the costs charged to each department, the equivalent units of production by each department, and the costs assigned to each department's output. It helps in determining the cost of production, identifying cost variances, and analyzing the efficiency of each department.

A Process Cost Summary Is an Accounting Report That Describes