Fifth step in process costing system is to

A. allocate separable costs

B. allocate joint costs

C. compute gross margin

D. assign total cost to completed units

Answer: Option D

Solution(By Examveda Team)

Fifth step in process costing system is to assign total cost to completed units. Total cost is an economic measure that sums all expenses paid to produce a product, purchase an investment, or acquire a piece of equipment including not only the initial cash outlay but also the opportunity cost of their choices.