Purpose of product costing in a process production


Question: Purpose of Product Costing in a Process Production Environment All product costing uses averages to determine costs per unit of product produced. In job-order production systems, the averages are based on a relatively small number of units. In a process production environment, the number of units is much larger. Once the average unit cost is determined, what is the central product-costing problem in process costing?

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Accounting Basics: Purpose of product costing in a process production
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