1511. Costing system, which classify cost into cost categories in a way when an expense is incurred in process is called

conversion expense costing system
inventory costing system
process costing system
job costing system
✅ The correct answer is C.
Costing system, which classify cost into cost categories in a way when an expense is incurred in process is called process costing system. Process costing is a type of operation costing which is used to ascertain the cost of a product at each process or stage of manufacture.

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