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Costing - Phase (I & II) Methods of Costing

In ……………………costing where standardized goods or services result from a sequence of repetitive and more or less continuous operations to which costs are collected and averaged over the units produced during the year:

Multiple

Process

Operation

single.

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Explanation:

Operation costing is a mix of job costing and process costing, and is used in either of the following situations: A product initially uses different raw materials, and is then finished using a common process that is the same for a group of products;