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Process Costing

  • Jill Collis
  • Roger Hussey
Part of the Macmillan Business Masters book series (PMB)

Abstract

Process costing is a method of costing applied to production when the process is carried out in a series of chemical or operational stages. The finished output at one stage of production becomes the input for the next stage in the process. At the end of all the stages the completed production is sold or transferred to finished goods stock. This type of production is often found in chemical works, oil refineries and paint manufacturers.

Keywords

Process Cost Average Cost Management Account Normal Loss Equivalent Unit 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Jill Collis and Roger Hussey 1999

Authors and Affiliations

  • Jill Collis
  • Roger Hussey

There are no affiliations available

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