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 completed during the current period.

Question

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This statement is true. In process costing, products that are in process at the beginning of the period are assumed to be the first completed during the current period because the production process is continuous. This is known as the "first in, first out" (FIFO) method.

Because Process Costing Is Normally Associated with a Continuous Production