Watkins Trophies, Inc., produces thousands of medallions made of bronze, silver, and gold. The medallions are identical except for the materials used in their manufacture. What costing system would you advise the company to use?

For manufacturing firms that mass produce numerous identical goods or units of output, process costing is a crucial product costing technique.
Many businesses, including those that produce food, chemicals, textiles, glass, cement, and paint, employ process costing extensively.
When adopting process costing, businesses track the costs associated with each step of the manufacturing process and divide the sum by the number of items produced to arrive at the item cost.

The following justifies the recommendation for process costing:

There isn't a definite output order from a customer.
There is widespread output production.
The units made are identical and have a uniform composition.
The raw material is processed by a number of departments, and the result from one department is used as the input for a different department.
The product can be simply sold on the open market for set prices.
Costs build up at the departmental or procedural level.
Unit costs are determined at the end of the month using the equivalent units of work that has been performed and is still in progress.

Learn more about process costing here:

https://brainly.com/question/16595153

#SPJ4