'Mixing department' presentation slideshows

Process Cost Systems

18. Process Cost Systems. Describe and illustrate the use of cost of production reports for decision making. 4. 1. Describe process cost systems. Journalize entries for transactions using a process cost system. Prepare a cost of production report. 2. 3. Learning Objective 1.

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Click to edit Master title style

3. Click to edit Master title style. Click to edit Master text styles Second level Third level Fourth level Fifth level. Process Cost Systems. 1. Describe and illustrate the use of cost of production reports for decision making. 4. 1. Describe process cost systems.

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Chapter 18 Exercises

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Completed And Transferred To The Next Department Invent Youself/tutorialoutletdotcom

FOR MORE CLASSES VISIT www.tutorialoutlet.com The mixing department has 19,000 units and $90,550 in costs for which to account. Of the 19,000 units, 10,000 were completed and transferred to the next department. The 9,000 remaining were 25% complete for conversion costs. Direct materials are added at the beginning of the process, and the conversion costs are added evenly throughout the process. The cost per equivalent unit is$ 4.25 for direct materials and$0.80 for conversion costs. The total cost of ending WIP is

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