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In the manufacturing operations of a company using process costing a product typically must pass through two or more production departments. direct material and direct
In the manufacturing operations of a company using process costing
a product typically must pass through two or more production departments.
direct material and direct labor are referred to as conversion costs.
transferred-in costs occur only in the departments that have no direct labor costs.
the process costing system can only be used until the point where the product enters the packaging department.
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