Question

which of the following does not use process costing
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Answer 1

Answer:

Many companies use some type of system to determine the minimum value of produced products. Process costing is an allocation system companies use to allocate cost for homogeneous items produced by a company, explains Accounting Coach. Homogeneous products represent items that are very similar or indistinguishable from each other. Lumber, soda pop and chemical products are a few examples of homogeneous products. Consider the importance of process costing alongside its advantages and limitations.

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Answer 2

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