Using process costing, it is necessary to consider the stage of completion of the units when assigning conversion cost to partially completed units in the ending work in process stock.

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In process costing, journal entries are recorded to reflect the flow of materials, labour and overhead through the production process. It is necessary to consider the stage of completion of units when assigning conversion cost to partially completed units in ending work in process stock.

Using Process Costing, It Is Necessary to Consider the Stage