In process costing, when multiple production steps are required, the five-step process costing procedure must be completed in each production department.

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This statement is true. The five-step process costing procedure (analyze the flow of physical units, compute output in equivalent units, determine total costs to account for, calculate unit costs, and assign costs to units completed and in process) must be completed in each production department where multiple production steps are required. This allows for accurate determination of the cost of each unit produced in each department.

In Process Costing, When Multiple Production Steps Are Required, the Five-Step