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1. What is the purpose of each of the three primary steps in a process costing system....

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Accounting

1.What is the purpose of each of the three primary steps in a processcosting system. Describe each of the three steps.

2. Why is a process costing system not appropriate forcompanies that produce items that are distinctly different from oneanother?

Please do not use other peoples answers that are already onChegg for these questions. I would like different opinions.Thanks!

Answer & Explanation Solved by verified expert
4.2 Ratings (774 Votes)
Process Costing is a management accounting It is used for homogeneous goods like paper chemical lumber and food This method includes following steps while costing products Physical Flow of Unit process costing is based on a very distinct flow of units through the companys production system and goods flow through these production    See Answer
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