In comparison to a general accounting system for a manufacturing company, a cost accounting system places an emphasis on:
A) Periodic inventory counts.
B) Total costs.
C) Continually updating costs of materials, goods in process, and finished goods inventories.
D) Products and average costs.
E) Large volume operations involving standardized products.

Question

Quizplus · Accepted Answer

Cost accounting systems focus on tracking and updating the costs associated with materials, goods in process, and finished goods inventories to provide detailed cost information for decision-making and control.

In Comparison to a General Accounting System for a Manufacturing