1. Available NOW at your campus bookstore!
This is the prescribed textbook for your course.
Available NOW at your campus bookstore!

2. Process costing perspectives
Chapter 14
Process costing perspectives

3. Process costing—more than one department

4. Cost flows—process costing— more than one department

5. Cost of production reports— more than one process
Step 1 Identify physical units
Step 2 Calculate equivalent completed units
Conversion costs
Direct materials
Step 3 Identify total costs
Step 4 Compute equivalent unit costs
Step 5 Allocate total costs

6. Valuation of inventory
Weighted average
FIFO
Work already completed at the start of the period
Work completed during the period
Total cost transferred out
FIFO—alternative method

7. Process costing and lost or spoiled units
Spoilage
Lost units (can also be referred to as spoilage)
Types
Normal
Abnormal

8. Process costing and lost or spoiled units (cont.)
Accounting for normal spoilage
Method 1
FIFO
Weighted average
Method 2
Accounting for abnormal spoilage

9. Chapter 15
Discusses
Operation costing