What document is used to summarize costs in process cost accounting?

Question

Quizplus · Accepted Answer

The production cost report is used in process cost accounting to summarize the costs associated with a particular production process or department. It includes information such as the total amount of materials, labor, and overhead costs incurred during the process, as well as the unit cost of production. Choices A, B, and D are all used in job order cost accounting, which is a different cost accounting method used for individualized or customized products.

What Document Is Used to Summarize Costs in Process Cost