The costing systems in which all product costs for the period are accumulated and divided evenly over all

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The described costing system is process costing, which is used when a large volume of identical products is produced. All product costs for the period are accumulated and divided evenly over all units produced during the period. Process costing is often used in industries such as chemical manufacturing, food processing, and pharmaceuticals. Job order costing is used when products are unique, and costs are traced to specific jobs. Departmental costing is used when production occurs in separate departments, and costs are allocated to each department. Accumulation costing is not a recognized costing system.

The Costing Systems in Which All Product Costs for the Period