Forth step in process costing system is to

A. summarize total costs

B. compute cost for each equivalent unit

C. summarize flow of output

D. compute output in units

Answer: Option B

Solution(By Examveda Team)

Forth step in process costing system is to compute cost for each equivalent unit. Process costing is a term used in cost accounting to describe one method for collecting and assigning manufacturing costs to the units produced.