process Costing

jackson User Posts: 3 Joined: 06/11/2011	#1 06/11/2011 16:17 what is process costing and how it is different from other costing methods. can it be used for every industry?

Accounting Problems User Posts: 27 Joined: 27/09/2011	#2 10/11/2011 10:15 Process costing is a costing method used when it is not possible to identify separate units of production, or jobs, usually because of the continuous nature of the production processes involved. Process costing traces and accumulates direct cost, and allocates indirect cost incurred during a manufacturing process. example are Paint manufacturers Sugar manufacturers

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