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Oil Refining companies use which form of costing process?

8. Oil Refining companies use which form of costing process?

1. Batch Costing
2. Direct Costing
3. Process Costing
4. Works Cost

Answer: C) Process Costing

Explanation:

Oil Refining companies use Process Costing for bookkeeping. Process costing is a bookkeeping strategy ordinarily utilized by organizations that efficiently manufacture practically the same or indistinguishable items or units of the result.