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Process Costing (Processing Departments (Activity is performed uniformly…
Process Costing
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Process costing is used when a company produces a CONTINUOUS FLOW OF UNITS that are INDISTINGUISHABLE
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Processing Departments
- Activity is performed uniformly on all units
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It computes the average cost per unit by dividing the costs or production for a particular period by the number of units produced during the period
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The opening work in progress is merged with the production of the current period to form one batch of production::Weighted average method
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