Which of the following statements is true regarding process

Which of the following statements is true regarding process costing? All costs must be assigned to individual jobs or production runs. All products must follow the same path through production to reach the Finished Goods Inventory. All of these statements are true. All products in a particular batch are homogenous.

Solution

All of these statements are correct

Process costing used in the company\'s manufacture identical and similar products through a series of uniform production steps to find out unit cost of goods sold it is also accumulates cost of the product by production department of that company

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