Question

The two basic types of methods used to trace and assign product costs are

A. job costing and process costing
B. periodic costing and perpetual costing
C. product costing and materials inventory costing
D. periodic costingand process costing

Answer 1

The answer is c product costing and materials inventory costing

Answer 2

c.) product costing and materials inventory costing.

Explanation:

Product costing methods are used to assign a cost to a manufactured product. The main costing methods available are process costing, job costing, direct costing, and throughput costing. Each of these methods applies to different production and decision environments.