Module 5 Process Costing

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ACCT2301 - Profit Analisys and Managerial Decision

13 episodes

1 week ago

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Module 5 Process Costing

ACCT2301 - Profit Analisys and Managerial Decision

15 minutes 10 seconds

11 months ago

Module 5 Process Costing

this episode of our podcast explains process costing, contrasting it with job order costing. It details the calculation of equivalent units and total production costs using examples from a cookie company and a drumstick manufacturer. The text further demonstrates how to prepare journal entries for process costing and analyzes the costing system's application across different manufacturing scenarios. Finally, it includes numerous practice problems to solidify understanding.