Major function of process costing production cost report


Q1) Why would company utilize multiple cost accounting systems?

Q2) Northwest Power manufactures electricity. Would you expect company to utilize job order or process costing? Describe your reasoning. What is the major function of process costing production cost report? Briefly describe operation of process costing, comprising manner in which unit costs of finished goods are determined.

 

 

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Accounting Basics: Major function of process costing production cost report
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