Process costing is best described by which statement?
A) Only direct materials and manufacturing overhead are assigned to products under process costing.
B) Units produced in a process costing system are unique and are produced individually.
C) Product costs are tracked by department and assigned to products passing through each department.
D) There cannot be any beginning or ending Work in Process Inventory with process costing.
E) None of the answer choices is correct.
Correct Answer:
Verified
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