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process Costing
 
what is process costing and how it is different from other costing methods. can it be used for every industry?
 
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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