LO 4-1

Record the flow of materials, labor, and overhead through a process costing system.

LO 4-2

Compute the equivalent units of production using the weighted-average method.

LO 4-3

Compute the cost per equivalent unit using the weighted-average method.

LO 4-4

Assign costs to units using the weighted-average method.

LO 4-5

Prepare a cost reconciliation report.

LO 4-6

(Appendix 4A) Compute the equivalent units of production using the FIFO method.

LO 4-7

(Appendix 4A) Compute the cost per equivalent unit using the FIFO method.

LO 4-8

(Appendix 4A) Assign costs to units using the FIFO method.

LO 4-9

(Appendix 4A) Prepare a cost reconciliation report using the FIFO method.

LO 4-10

(Appendix 4B) Allocate service department costs to operating departments using the direct method.

LO 4-11

(Appendix 4B) Allocate service department costs to operating departments using the step-down method.