Process costing is used by companies that produce large numbers of identical units in a continuous fashion.

Name: Process costing is used by companies that produce large numbers of identical units in a continuous fashion.
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Process costing is used in industries such as chemical, pharmaceutical, food and beverage, and textiles where products are produced in large quantities with identical characteristics. This method assigns costs to each process or department involved in the production of the product.

Process Costing Is Used by Companies That Produce Large Numbers