Final answer:
The formula for unit cost in a Process Costing system is Unit Cost = Total Cost / Number of Units Produced.
Step-by-step explanation:
In a Process Costing system, the unit cost is determined by dividing the total cost incurred during a particular period by the number of units produced in that period.
The formula for unit cost in a Process Costing system is:
Unit Cost = Total Cost / Number of Units Produced
For example, if a company incurs $10,000 in total cost and produces 1,000 units, the unit cost would be $10 ($10,000 / 1,000 = $10).