Because process costing is normally associated with a continuous production flow,products that are in process at the beginning of the period are assumed to be the first products completed during the current period.

Question

Quizplus · Accepted Answer

This statement is true because process costing requires a continuous flow of production. Therefore, any products that were partially completed at the beginning of the period are assumed to be finished first during the current period. This is because the production process is ongoing and there is no clear start or end to each individual product.

Because Process Costing Is Normally Associated with a Continuous Production