Daily Almanac for
Nov 30, 2009
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proc'ess cost"ing



Accounting.
a method of assigning costs to production processes where products must of necessity be produced in one continuous process, with unit cost arrived at by averaging units produced to the total cost of the process. Cf. job-order costing.

Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.

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