Which of the following is NOT a step in carrying out process costing?
A)calculate output in terms of equivalent units
B)calculate cost per equivalent unit
C)summarize the total costs to account for
D)summarize the total costs of a job

Question

Quizplus · Accepted Answer

The step of summarizing the total costs of a job is not part of process costing. Process costing is used to calculate the cost of producing homogeneous products, where individual jobs cannot be identified. Instead, we keep track of the costs for each process, and allocate them to each unit produced.

Which of the Following Is NOT a Step in Carrying