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Describe the four (4) steps in Process Costing and what is a Process Cost Summary.

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Accounting

Describe the four (4) steps in Process Costing and what is aProcess Cost Summary.

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The four basic steps in process costing 1 The flow of physical units of output should be summed up Determine how much inventory was there in the beginning of the production cycle how many units were started during the cycle how many units were completed during the cycle and how many units were left as workinprogress at the end of the production cycle 2 Compute    See Answer
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