Available under Creative Commons-NonCommercial-ShareAlike 4.0 International License.
The process cost system is used by firms manufacturing identical products in a continuous mass production. As opposed to job order cost systems where unit costs are determined for separate jobs, in process cost systems, there is only one product and, therefore, only one overall unit cost. But, separate unit costs for each department reflect the manufacturing process as the product moves from department to department.
- 1196 reads
