Masses of identical or similar units of a product or service are in:
A)job-costing systems.
B)product-costing systems.
C)process-costing systems.
D)inventory-costing systems.
E)weighted-average costing systems.

Question

Quizplus · Accepted Answer

Process-costing systems are used in situations where a large volume of identical or similar units of a product or service are produced. This system is most commonly used in industries that produce homogeneous products such as food and beverage, chemicals, and textiles.

Masses of Identical or Similar Units of a Product or Service