It is the Cost Accounting used by the enterprises, like parts processing manufacturers or pharmaceutical makers, which generate the same product in a continuous fashion through a number of processes. In this the Cost Accounting, A finished product cost is obtained using the current-term consumption of each process, the beginning-work-in-process cost, the ending-work-in-process cost. The key point of this calculation is to rationally allocate process common expenses commonly used by a number of processes.


Related term: Cost Accounting