Process costing averages the total cost of the process over the number of units produced.

Name: Process costing averages the total cost of the process over the number of units produced.
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Process costing is a method of cost accounting used to determine the total cost of producing a product or providing a service by averaging the total cost of the process over the number of units produced. This method is commonly used in industries such as manufacturing and chemical processing.

Process Costing Averages the Total Cost of the Process Over