Bruce Company experienced an event that affected its financial statements as indicated below: Assets=Liabilities+EquityRevenue-Expense=Net incomeWork in process Mixing+Work in process Packing (10,500)+10,500=NA+NANA-NA=NA What type of product costing system is being used by this company?
A. Job-order costing system
B. Process costing system
C. Hybrid costing system
D. None of these answers are correct.
Answer: B
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