Costing system, which classify cost into cost categories in a way when an expense is incurred in process is called

A. conversion expense costing system

B. inventory costing system

C. process costing system

D. job costing system

Answer: Option C

Solution(By Examveda Team)

Costing system, which classify cost into cost categories in a way when an expense is incurred in process is called process costing system. Process costing is a type of operation costing which is used to ascertain the cost of a product at each process or stage of manufacture.