Which step is cost reconciliation in the general pattern of a process-costing production report?
A)As part of the physical flow analysis.
B)Before calculation of equivalent units.
C)Before the computation of unit cost.
D)The last step.

Question

Quizplus · Accepted Answer

Cost reconciliation is the last step in a process-costing production report, where the total costs accounted for are reconciled with the total costs to be accounted for.

Which Step Is Cost Reconciliation in the General Pattern of a Process-Costing