Answered: The appropriate cost accounting system…

The appropriate cost accounting system to use when inventory items are produced on an assembly line is a. perpetual method. b. job-order costing. c. weighted average. d. process costing.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 11Q: What are the four steps involved in determining the cost of inventory transferred from one...

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Question

The appropriate cost accounting system to use when inventory items are produced on an assembly line is

a. perpetual method.

b. job-order costing.

c. weighted average.

d. process costing.

Definition Definition Operation costing method employed to determine the value of a product at each process or stage of the production process, applicable where goods produced from a series of continuous operations or procedure. Process costing is employed by businesses that manufacture goods and where production is in repetitive inflow.

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