ACCTG 9456 MANAGEMENT ACCOUNTING 1
College of Coastal Georgia
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HUMAN SERV 455 Chapter 3 Study Guide
- Exam (elaborations) • 56 pages • 2022
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Process costing systems are commonly used by companies that produce homogeneous items 
using a continuous production process. 
2.t A company such as Proctor & Gamble that produces large quantities of identical items, such as 
shampoo and toothpaste, is likely to use a process costing system. 
3.f In a process costing system, costs are transferred from the Work in Process inventory account 
directly to the Cost of Goods Sold account. 
4.t In the manufacturing operations of a company using process...
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