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    Question

    An oil refining industry will undertake costing by the

    _______ method?
    A Single Unit costing Correct Answer Incorrect Answer
    B Job costing Correct Answer Incorrect Answer
    C Batch costing Correct Answer Incorrect Answer
    D Process costing Correct Answer Incorrect Answer
    E Contract costing Correct Answer Incorrect Answer

    Solution

    Oil refining is a continuous production process, so costs are averaged over large volumes, making process costing ideal.

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