summarize flow of output
compute output in units
summarize total costs
compute cost for each equivalent unit
✅ The correct answer is A.
First step in process costing system is to summarize flow of output. Flow is more inline with the concept of a function, that is, a Flow has both input and output parameters.
First step in process costing system is to summarize flow of output. Flow is more inline with the concept of a function, that is, a Flow has both input and output parameters.