Quiz 6: Process Costing

Which type of costing system works best with a large number of homogeneous products? A) job-order costing B) process costing C) sequential costing D) parallel costing

Which of the following businesses is most likely to use process costing? A) a paint manufacturer B) a law firm C) an orthodontist D) a custom home builder

Which of the following businesses is most likely to use process costing? A) a dentist B) an accounting firm C) a tire manufacturer D) a custom machine manufacturer

Which costing system is most likely to be used by manufacturer that produces unique products? A) job-order costing B) process costing C) sequential costing D) parallel costing

Which of the following companies would be least likely to use a process-costing system? A) a disposable diaper manufacturer B) a print shop C) a chemical producer D) a paint manufacturer

Which statement is a characteristic of process accounting? A) It is used on unique products that are produced on a continuous basis. B) It accumulates costs by individual job. C) It works best with a small number of unique products. D) It utilizes equivalent units computed by the weighted average method or the FIFO method.

What type of service firm would not likely use process costing? A) sorting of mail B) filling printing orders C) processing cheques D) laundering of shirts

For which of the following businesses is process costing is most appropriate? A) a vitamin manufacturer B) a headhunting firm C) a custom bike builder D) a print shop

What type of business would likely use process costing? A) a paper cup manufacturer B) a cruise ship manufacturer C) a modular home builder D) a custom snowboard company

What types of inputs are normally found in a process-costing accounting system? A) selling costs B) marketing costs C) administrative costs D) overhead costs

Which of the following best describes sequential processing? A) Units must pass through one process before they can be worked on in later processes. B) Several sequences of production are applied to a product in the department. C) Only one process can be applied to a product in each department. D) Subcomponents can be worked on simultaneously in different processes and then brought together in a final process for completion.

Which of the following best describes parallel processing? A) A large number of similar products pass through an identical set of processes. B) Units typically pass through a series of manufacturing or producing departments. C) Partially completed units can be worked on simultaneously in different processes and then brought together in a final process for completion. D) Units must pass through one process before they can be worked on in later processes.

Which of the following best describes parallel processing? A) Units must pass sequentially through a process. B) Units must pass through one process before they can be worked on in later processes. C) Units that are not processed in the correct sequence are discarded. D) Subcomponents can be worked on simultaneously in different processes and then brought together in a final process for completion.

Which of the following best describes sequential processing? A) A large number of similar products pass through an identical set of processes. B) Units typically pass through a series of manufacturing or producing departments at the same time. C) Partially completed units can be worked on simultaneously in different processes and then brought together in a final process for completion. D) Units must pass through one process before they can be worked on in later processes.

Which of the following is a cost transferred from a prior process to a subsequent process? A) a work-in-process transfer cost B) the beginning work-in-process cost C) a transferred-in cost D) an added-in cost

Which of the following is the cost of partially completed goods from a prior period? A) a work-in-process transfer cost B) beginning work-in-process cost C) a transferred-in cost D) an added-in cost

When should process costing techniques be used in assigning costs to products? A) any time production is only partially completed during the accounting period B) when the product is composed of mass-produced homogeneous products C) when the product is manufactured according to customer specifications D) when the product is unique and made to order

Suppose that finished units are now in the last (final)department.To which account will the cost of the finished units flow from the work-in-process account? A) sales B) finished goods C) inventory D) cost of goods sold

Which goods are moved from a prior department to subsequent department? A) transferred-in goods B) finished goods C) work in process D) beginning goods

Which account do the costs of completed products move to after work-in-process? A) sales B) finished goods C) completed goods D) cost of goods sold

Which of the following is used to record raw materials,direct labour,and applied overhead costs at the time they are used? A) raw materials inventory B) finished goods C) work in process D) cost of goods sold

Which is the best description of the cost of production report? A) The production report provides information about the manufacturing costs incurred by the department. B) The production report provides information about the physical units processed by the department. C) The production report summarizes the manufacturing activity that takes place in a process department for a given period of time. D) The production report includes the costs related to a specific job.

In process costing,which account will the cost of finished goods be transferred to when the goods are sold? A) cost of goods sold B) completed processes C) finished goods D) sales

Which of the following is included in the cost of a department's transferred-in goods? A) its materials,labour,and overhead B) the goods transferred out as computed in the prior department C) its materials and conversion costs D) its materials and overhead

Suppose a one-to-one relationship exists between the output measures.What would the units started in a subsequent department be equal to? A) the equivalent units plus the materials added B) the equivalent units of that department C) the materials added plus conversion costs D) the units transferred out from the prior department

What does equivalent production use to express all activity of the period? A) work in process B) materials labour and overhead C) fully completed units D) partially completed units

Which statement best defines the concept of equivalent units of production? A) Equivalent units are the measure of a period's output. B) Equivalent units are the units completed in a department. C) Equivalent units are the total of the units produced by all departments. D) Equivalent units are the number of units completed at the end of the last process.

The following information concerns Transformation Inc.'s equivalent units in June: What are Transformation's equivalent units for May when using the weighted average method? A) 10,000 B) 12,030 C) 12,900 D) 22,900

For which process costing method is simplicity the main advantage? A) LIFO B) FIFO C) weighted average D) exact cost method

Which of the following methods combines partially completed units in beginning inventory with current period production when computing equivalent units of production? A) FIFO method B) LIFO method C) weighted average method D) actual cost method

What is the major advantage of the weighted average cost method? A) It is simple. B) It is accurate. C) It is the required method. D) It is the preferred method.

The Glove Company uses the weighted average method.The beginning work in process consists of 25,000 units (100% completed as to materials and 50% complete as to conversion costs).The number of units completed was 100,000.The ending work in process consists of 15,000 units (100% complete as to materials and 25% complete as to conversion costs).What would be the equivalent units of production for conversion costs? A) 40,000 B) 103,750 C) 112,500 D) 116,250

Beginning inventory for the month contained 12,000 units that were 60% complete with respect to materials.During the month,80,000 units were completed and transferred out.Ending inventory contained 6,000 units,30% complete with respect to materials.What would be the weighted average equivalent units of production for materials for the month? A) 92,000 B) 81,800 C) 80,000 D) 12,000

Beginning inventory for the month contained 4,000 units that were 65% complete with respect to materials.During the month,60,000 units were completed and transferred out.Ending inventory contained 6,000 units that were 40% complete with respect to materials.What would be the weighted average equivalent units of production for materials for the month? A) 56,000 B) 57,600 C) 60,000 D) 62,400

The following information is provided: Materials and conversion are incurred uniformly throughout the process. What would be the equivalent units of production for conversion when using the weighted average method? A) 17,400 B) 18,600 C) 21,000 D) 22,000

The following information is provided: Materials are added at the beginning of the process. What would be the equivalent units of production for conversion costs when using the weighted average method? A) 27,600 B) 34,800 C) 35,600 D) 37,600

Habitat Company uses the weighted average method in its costing system.In the assembly department,the equivalent units for conversion costs amounted to 35,000 for the month of May.In beginning work in process,5,000 units were 50% complete.During the month,33,000 units were started and 31,400 were completed and transferred.How many units were in the ending work in process? A) 3,600 units B) 5,000 units C) 6,600 units D) 7,000 units

Beginning inventory for the month contained 3,000 units that were 60% complete with respect to materials.During the month,50,000 units were completed and transferred out.Ending inventory contained 5,000 units that were 30% complete with respect to materials.What would be the weighted average equivalent units of production for materials for the month? A) 49,500 B) 50,000 C) 50,300 D) 51,500

Which of the following methods can be used to account for the costs and work of beginning work in process? A) weighted average method and LIFO B) FIFO method and sequential processing method C) sequential processing method and LIFO D) weighted average method and FIFO method

Which of the following methods considers the percentage of completion of ending work in process? A) FIFO and LIFO B) LIFO and CVP C) weighted average and CVP D) weighted average and FIFO

Which two methods are used to determine equivalent units of production in process costing? A) weighted average and FIFO B) FIFO and LIFO C) exact costing and LIFO D) weighted average and exact costing

CandyMan Manufacturing uses a process-cost system and computes cost using the weighted average method.During the current period,the beginning work-in-process inventory cost was $15,000.Manufacturing cost added was $65,000.Suppose CandyMan's ending work-in-process inventory was valued at $22,000.What must have been the cost of goods transferred? A) $43,000 B) $58,000 C) $65,000 D) $80,000

The following amounts were selected from the production report of Doggie Donuts Corporation: Doggie Donuts uses the weighted average method in preparing its production reports.What must Doggie Donuts' total production cost to be accounted for have been? A) $49,500 B) $82,500 C) $132,000 D) $150,000

Which step is physical flow analysis in the general pattern of a process-costing production report? A) the first step B) the step after calculation of equivalent units C) the step after the computation of unit cost D) the last step

What is total cost divided by units produced? A) process costs B) unit driver C) unit cost D) total costs incurred

Which step is cost reconciliation in the general pattern of a process-costing production report? A) part of the physical flow analysis B) the step before calculation of equivalent units C) the step before the computation of unit cost D) the last step

-Refer to the Figure.How many units were started in Door Specialists second department during March? A) 37,000 B) 40,000 C) 50,000 D) 63,000

-Refer to the Figure.How many units were completed in Door Specialists second department during March? A) 40,000 B) 47,000 C) 63,000 D) 73,000

-Refer to the Figure.How many units were started and completed in Door Specialists second department during March? A) 37,000 B) 50,000 C) 60,000 D) 61,000

Which of the following are included in conversion costs? A) direct labour and manufacturing overhead B) direct materials and administrative costs C) direct materials and manufacturing overhead D) direct labour and administrative costs

Which two methods determine the equivalent units of production in process costing? A) weighted average and FIFO B) FIFO and LIFO C) actual costing and LIFO D) weighted average and actual costing

During May,25,000 units were completed and transferred to the moulding department.The following costs were incurred by the mixing department during May: By May 31,2,500 units that were 80% complete remained in the mixing department.LuLu uses the weighted average method. -Refer to the Figure.What would be LuLu's equivalent units of production when using the weighted average method? A) 20,000 B) 23,000 C) 27,000 D) 28,750

During May,25,000 units were completed and transferred to the moulding department.The following costs were incurred by the mixing department during May: By May 31,2,500 units that were 80% complete remained in the mixing department.LuLu uses the weighted average method. -Refer to the Figure.What would be LuLu's total costs to account for? A) $176,000 B) $240,000 C) $264,000 D) $304,000

During May,25,000 units were completed and transferred to the moulding department.The following costs were incurred by the mixing department during May: By May 31,2,500 units that were 80% complete remained in the mixing department.LuLu uses the weighted average method. -Refer to the Figure.What would be LuLu's total cost per equivalent unit of production? A) $6.52 B) $9.76 C) $11.26 D) $12.16

During May,25,000 units were completed and transferred to the moulding department.The following costs were incurred by the mixing department during May: By May 31,2,500 units that were 80% complete remained in the mixing department.LuLu uses the weighted average method. -Refer to the Figure.What would be LuLu's cost of goods transferred to the moulding department during May? A) $210,000 B) $261,050 C) $281,500 D) $294,000

During May,25,000 units were completed and transferred to the moulding department.The following costs were incurred by the mixing department during May: By May 31,2,500 units that were 80% complete remained in the mixing department.LuLu uses the weighted average method. -Refer to the Figure.What would be LuLu's cost of May's ending work in process for the mixing department? A) $17,500 B) $19,200 C) $21,400 D) $22,520

-Refer to the Figure.What would be Painting Department's cost per equivalent unit for materials when using the weighted average method? A) $2.00 B) $7.00 C) $8.00 D) $9.00

-Refer to the Figure.What would be Painting Department's cost per equivalent unit for conversion when using the weighted average method? A) $3.00 B) $5.00 C) $8.00 D) $9.00

-Refer to the Figure.How many equivalent units of production did SmartCo.have for the period? A) 10,000 B) 11,500 C) 13,500 D) 22,800

-Refer to the Figure.Suppose SmartCo.incurred $102,600 in production costs.What would be SmartCo's cost per equivalent unit for the period? A) $1.84 B) $4.50 C) $5.13 D) $36.64

-Refer to the Figure.What were the equivalent units of production for conversion costs? A) 103,000 B) 108,000 C) 110,000 D) 150,000

-Refer to the Figure.How many units were started during the period? A) 95,000 B) 100,000 C) 105,000 D) 115,000

-Refer to the Figure.What would be the total equivalent units of production for direct materials when using the weighted average method? A) 92,000 B) 101,600 C) 113,600 D) 116,000

-Refer to the Figure.What would be the unit cost of materials for October when using the weighted average method? A) $4.50 B) $4.60 C) $5.03 D) $5.46

-Refer to the Figure.What would be the equivalent unit conversion cost for October when using the weighted average method? A) $5.65 B) $5.83 C) $6.00 D) $6.41

-Refer to the Figure.What would be the total cost of the units in the ending work-in-process inventory at October 31 when using the weighted average method? A) $153,960 B) $154,800 C) $155,328 D) $156,960

What does an accountant need to know to calculate unit cost? A) materials cost plus overhead B) the output for a period and the manufacturing costs for the department for that period C) conversion costs and prime costs D) total units produced by all departments

Which of the following does NOT appear in the production report? A) costs transferred from prior departments B) costs added in the department C) physical units passing through the department D) retail value of the units produced

What are the two sections of a production report? A) work in process and completed goods B) a unit information section and a cost information section C) finished goods and cost of goods sold D) goods produced and goods in process

What information is found in the cost of production report? A) the physical units processed and the manufacturing costs incurred by the department B) the manufacturing costs incurred by the department and the variable costs C) the fixed costs and the physical units processed by the department D) the units planned to be produced by a department

Which of the following is affected by nonuniform manufacturing inputs? A) the calculation of equivalent units,unit cost,and valuation of ending work in process B) only the calculation of equivalent units,and valuation of ending work in process C) only the valuation of ending work in process D) only the manufacturing outputs

What is process accounting's solution for nonuniform manufacturing inputs? A) the calculation of equivalent units for each category of manufacturing input B) the calculation of total unit cost as if there were uniform manufacturing inputs C) the use of the weighted average method D) the use of FIFO method or the weighted average method

Assume conversion costs represent a single category.How many input categories would be typical for a department receiving transferred-in goods? A) 2 B) 3 C) 4 D) 5

Which of the following method considers the percentage of completion of beginning work in process? A) FIFO B) CVP C) weighted average D) LIFO

What two categories of completed units are needed in the FIFO method so that each category can be costed correctly? A) beginning work-in-process units and units started B) units started and completed and ending work-in-process units C) beginning work-in-process units and units started and completed D) units started and completed and ending work in process

For which of the following are the total associated manufacturing costs under the FIFO method the sum of the prior-period costs plus the costs incurred in the current period to finish the units? A) beginning work-in-process units B) ending work-in-process units C) units started and completed D) conversion costs

-Refer to the Figure.What would be the equivalent units for materials when using the first-in,first-out method? A) 85,000 B) 90,000 C) 105,000 D) 110,000

-Refer to the Figure.What would be the cost (rounded to two decimal places)per equivalent unit for materials when using the first-in,first-out method? A) $0.74 B) $0.77 C) $0.78 D) $0.90

-Refer to the Figure.What would be Department ABC's cost per equivalent unit of production for materials when using the FIFO method? A) $0.90 B) $0.96 C) $1.04 D) $1.20

-Refer to the Figure.What would be Department ABC's cost per equivalent unit of production for conversion costs when using the FIFO method? A) $0.73 B) $0.85 C) $1.02 D) $1.18

-Refer to the Figure.What would be Department ABC's cost of goods transferred out when using the FIFO method? A) $40,250 B) $44,500 C) $45,540 D) $45,775

-Refer to the Figure.What would be Department ABC's cost of ending work in process when using the FIFO method? A) $3,160 B) $3,500 C) $3,552 D) $3,960

Process costing accumulates costs by individual jobs rather than by processing departments.

Process costing is most appropriate for manufacturers of unique products.

Process costing is NOT appropriate for companies providing services.

Process costing is most useful in situations where there are a large number of homogeneous products.

Large manufacturing plants,such as chemical,food,and tire manufacturers,use process costing.

Process-costing systems are specifically designed to support costing of mass-produced heterogeneous products.

In parallel processing,two subcomponents can be worked on simultaneously in different processes and then brought together in a final process for completion.

Any product or service that is basically homogeneous and repetitively produced can take advantage of a process-costing approach.

The usual approach is to treat transferred-in goods as a separate conversion category when calculating equivalent units.

Zero beginning and ending work-in-process inventories leads to much of the complication surrounding process costing.

To calculate the equivalent units of production,the number of physical units is divided by the percentage of completion.

Equivalent units of output are the complete units that could have been produced given the total amount of manufacturing effort expended for the period under consideration.

The major benefit of the weighted average method is simplicity.

The weighted average costing method combines beginning inventory costs and work done with current period costs and work to calculate this period's unit cost.

The costs transferred from a prior process to a subsequent process are referred to as transferred-out costs.

Transferred-in costs are a type of raw material cost.

Firms that offer services CANNOT have work-in-process inventories.

Manufacturing firms always operate with significant work-in-process inventories.

The production report is the document that summarizes the manufacturing activity that takes place in a process department for a given period of time.

A production report contains information on costs transferred in from prior departments as well as costs added in the department such as direct materials,direct labour,and overhead.

A production report provides information about the physical units processed in a department and also about the manufacturing costs associated with them.

The unit information section of the production report has two major subdivisions: (1)units to account for; and (2)units accounted for.

The cost information section of the production report has two major subdivisions: (1)costs to account for; and (2)costs accounted for.

In process costing,it is reasonable to assume uniform application of material costs.

Similar percentage completion figures for manufacturing inputs pose a problem for the calculation of equivalent units,unit cost,and valuation of ending work in process.

The solution for different percentage completion figures for manufacturing inputs is to calculate equivalent units for one category of manufacturing input.

In process costing,each producing department has its own work-in-process account.

The FIFO method is one of the methods used to calculate equivalent units in process costing.

There are two approaches for dealing with the prior-period output and prior-period costs found in beginning work in process: the weighted average method and the first-in,first-out (FIFO)method.

The FIFO costing method separates work and costs of the equivalent units in beginning inventory from work and costs of the equivalent units produced during the current period.Only current work and costs are used to calculate this period's unit cost.

If changes occur in the prices of the manufacturing inputs from one period to the next,then FIFO produces a more accurate unit cost than does the weighted average method.

Since FIFO excludes prior-period work and costs,it is necessary to create three categories of completed units.

FIFO assumes that units in beginning work in process are completed first,before any new units are started.

Under the FIFO method,for the beginning work-in-process units,the total associated manufacturing costs are the sum of the prior-period costs plus the costs incurred in the current period to finish the units.

List the five steps in preparing a production report.

Cara,Inc.manufactures a product that passes through two processes: mixing and packaging.All manufacturing costs are added uniformly in the mixing department. Information for the mixing department for April follows: During April,90,000 units were completed and transferred to packaging. The following costs were incurred by the mixing department during April: At April 30,15,000 units that were 20% complete remained in the mixing department. Use the weighted average method and round unit costs to two decimal places. Required:

Queen Corporation produces a product that passes through two departments.For November,the following equivalent unit schedule was prepared for the first department: Costs assigned to beginning work in process: Manufacturing costs incurred during the month: Required:

Saracha,Inc.manufactures products that pass through two or more processes.The company uses the weighted average method to compute unit costs.During October,equivalent units were computed as follows: The unit cost was computed as follows: Required:

Purple,Inc.manufactures a product that passes through two processes.The following information is available for the first department for February. All materials are added at the beginning of the process. Beginning work in process consisted of 400 units that were 60% complete with respect to conversion. Ending work in process consisted of 1,000 units that were 10% complete with respect to conversion. During the month,6,000 units were started in process. Required:

Extraordinary Incorporated manufactures quality hair care products.The ingredients are combined in the mixing department and put in 473 mL containers in the packaging department. The following information pertains to the mixing department for the month of March: The costs in work in process at March 1 in the mixing department were as follows: The costs added by the mixing department during the month of March were as follows: Round unit costs to two decimal places. Required:

Trush Inc.manufactures a product that passes through two processes: mixing and packaging.All manufacturing costs are added uniformly in the mixing department. Information for the mixing department for July follows: During July,100,000 units were completed and transferred to packaging. The following costs were incurred by the mixing department during July: At July 31,8,000 units that were 70% complete remained in the mixing department. Use the weighted average method,and round unit costs to two decimal places. Required:

BeeAll Corporation produces a product that passes through two departments.For November,the following equivalent unit schedule was prepared for the first department: Costs assigned to beginning work in process: Manufacturing costs incurred during the month: Required:

Nichola,Inc.manufactures products that pass through two processes.The company uses the weighted average method to compute unit costs.During April,equivalent units were computed as follows: Cost was added as follows: Required:

Ingenuous Company manufactures a product that passes through two processes.The following information is available for the first department for September. All materials are added at the beginning of the process. Beginning work in process consisted of 25,000 units that were 80% complete with respect to conversion. Ending work in process consisted of 15,000 units that were 40% complete with respect to conversion. During the month,90,000 units were started in process. Required:

Everything Company manufactures a product that passes through two processes.The following information is available for the first department for August. All materials are added at the beginning of the process. Beginning work in process consisted of 20,000 units that were 80% complete with respect to conversion. Ending work in process consisted of 15,000 units that were 40% complete with respect to conversion. During the month,90,000 units were started in process. Required:

Refer to Process Department A.

Refer to Process Department A.What is the unit manufacturing cost for Department A for October?

Refer to Process Department A.

Green Company adds materials at the beginning of the process in the forming department,which is the first of two stages of its production cycle.Information concerning the materials used in the forming department in May follows: Using the FIFO method,what is the materials cost of the work in process at May 31? (Round unit calculations to the nearest cent.)

The Stewart Company had computed the flow of units for Department 123 for the month of July as follows: Materials are added at the beginning of the process.There were 8,000 units of work in process at July 31.The work in process at July 1 was 70% complete as to direct labour and factory overhead costs,and the work in process at July 31 was 60% complete as to direct labour and factory overhead costs.What was the cost of the goods transferred out and in ending work in process using the FIFO method?

Describe the differences between process costing and job-order costing.

Describe the differences between sequential and parallel processing.

Explain the role of the departmental production report in process costing,and name the five steps for completing the departmental production report.

Describe the differences in the ways that prior-period costs and output are treated under the weighted average method and the FIFO method.

Describe how process costing for services differs from process costing for manufactured goods.

Explain how nonuniform inputs and multiple departments affect process costing.

a.Process costing b.Job order costing -Costing system used by a vitamin manufacturer

a.Process costing b.Job order costing -Costing system used by a cruise ship builder

a.Process costing b.Job order costing -Costing system used by a home builder

a.Process costing b.Job order costing -Costing system used by a manufacturer of custom kayaks

a.Process costing b.Job order costing -Costing system used by a paint manufacturer

a.Process costing b.Job order costing -Costing system used by a chocolate bar manufacturer

Select the appropriate definition for each of the items listed below.a.Equivalent units of production b.Transferred-in costs c.FIFO costing methods d.Production report -Complete units that could have been produced given the total amount of manufacturing effort expended for the period under consideration

Select the appropriate definition for each of the items listed below.a.Equivalent units of production b.Transferred-in costs c.FIFO costing methods d.Production report -The costs transferred from a prior process to a subsequent process

Select the appropriate definition for each of the items listed below.a.Equivalent units of production b.Transferred-in costs c.FIFO costing methods d.Production report -Separates work and costs of the equivalent units in beginning inventory from work and costs of the equivalent units produced during the current period

Select the appropriate definition for each of the items listed below.a.Equivalent units of production b.Transferred-in costs c.FIFO costing methods d.Production report -The document that summarizes the manufacturing activity that takes place in a process department for a given period of time

Select the appropriate definition for each of the items listed below.a.Parallel processing b.Sequential processing c.Process costing d.Weighted average costing method -Partially completed units can be worked on simultaneously in different processes then brought together in a final process for completion.

Select the appropriate definition for each of the items listed below.a.Parallel processing b.Sequential processing c.Process costing d.Weighted average costing method -Units must pass through one process before they can be worked on in later processes.

Select the appropriate definition for each of the items listed below.a.Parallel processing b.Sequential processing c.Process costing d.Weighted average costing method -It works well whenever relatively homogeneous products pass through a series of processes and receive similar amounts of manufacturing costs.

Select the appropriate definition for each of the items listed below.a.Parallel processing b.Sequential processing c.Process costing d.Weighted average costing method -It combines beginning inventory costs and work done with current-period costs and work to calculate this period's unit cost.

Match the five steps involved in creating the department production report with the steps below in the proper order.a.Step 1 in preparing a Production Report b.Step 2 in preparing a Production Report c.Step 3 in preparing a Production Report d.Step 4 in preparing a Production Report e.Step 5 in preparing a Production Report -Calculation of equivalent units

Match the five steps involved in creating the department production report with the steps below in the proper order.a.Step 1 in preparing a Production Report b.Step 2 in preparing a Production Report c.Step 3 in preparing a Production Report d.Step 4 in preparing a Production Report e.Step 5 in preparing a Production Report -Cost reconciliation

Match the five steps involved in creating the department production report with the steps below in the proper order.a.Step 1 in preparing a Production Report b.Step 2 in preparing a Production Report c.Step 3 in preparing a Production Report d.Step 4 in preparing a Production Report e.Step 5 in preparing a Production Report -Physical flow analysis

Match the five steps involved in creating the department production report with the steps below in the proper order.a.Step 1 in preparing a Production Report b.Step 2 in preparing a Production Report c.Step 3 in preparing a Production Report d.Step 4 in preparing a Production Report e.Step 5 in preparing a Production Report -Computation of unit costs

Match the five steps involved in creating the department production report with the steps below in the proper order.a.Step 1 in preparing a Production Report b.Step 2 in preparing a Production Report c.Step 3 in preparing a Production Report d.Step 4 in preparing a Production Report e.Step 5 in preparing a Production Report -Valuation of inventories