A process cost summary for a production department accounts for all costs assigned to that department during the period plus costs that were in the department's Work in Process Inventory account at the beginning of the period.

Question

Quizplus · Accepted Answer

A process cost summary includes all costs assigned to the department during the period, as well as any costs carried over from the previous period in the form of Work in Process Inventory.

A Process Cost Summary for a Production Department Accounts for All