Monday, November 17, 2008

When Use Process Costing System?

There are many different situations when to use a process costing system of accounting . It is best to use a process costing system should in situations where a homogeneous product is produced on a continuous basis. For example, producers of one product such as chemicals or auto-parts can use a process costing system.

Additional Information:

Differences between Process Costing and Job Order Costing Methods

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