Abstract
Process costing is a method of costing applied to production when the process is carried out in a series of chemical or operational stages. The finished output at one stage of production becomes the input for the next stage in the process. At the end of all the stages the completed production is sold or transferred to finished goods stock. This type of production is often found in chemical works, oil refineries and paint manufacturers.
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© 1999 Jill Collis and Roger Hussey
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Collis, J., Hussey, R. (1999). Process Costing. In: Cost and Management Accounting. Macmillan Business Masters. Palgrave, London. https://doi.org/10.1007/978-1-349-90655-0_11
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DOI: https://doi.org/10.1007/978-1-349-90655-0_11
Publisher Name: Palgrave, London
Print ISBN: 978-0-333-69407-7
Online ISBN: 978-1-349-90655-0
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