Under the average costing method in process costing system, the costs in beginning inventory are combined with current period costs to compute an average product unit cost.

Name: Under the average costing method in process costing system, the costs in beginning inventory are combined with current period costs to compute an average product unit cost.
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This is the correct definition of the average costing method in process costing.

Under the Average Costing Method in Process Costing System, the Costs