Answer
Three industries using process-costing systems are:
1. Food and Beverage.
2. Chemical.
3. Textile.
Work Step by Step
Three examples of industries that use process-costing systems are:
1. Food and Beverage Industry: Companies that produce a variety of food and beverage products, such as soft drinks, snacks, and canned goods, often use process costing to allocate costs in their manufacturing processes.
2. Chemical Industry: Chemical manufacturing, including the production of chemicals, petrochemicals, and pharmaceuticals, relies on process costing to track and allocate costs across various stages of production.
3. Textile Industry: Textile manufacturers that produce fabrics, clothing, and related products use process costing to account for costs as materials move through different production processes.
