Which of the following statements is true of process costing? A. It tracks and assigns both period costs and product costs to units produced. B. It assigns manufacturing overhead costs to products only in the last production process. C. It uses one Work-in-Process Inventory account. D. It accumulates product costs by production departments.
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Home » Business » Which of the following statements is true of process costing? A. It tracks and assigns both period costs and product costs to units produced. B. It assigns manufacturing overhead costs to products only in the last production process. C.