Author Question: Match the following terms to the appropriate statement by placing the letter to the left of each ... (Read 76 times)

jlbond23 · **on:** Feb 5, 2023

Match the following terms to the appropriate statement by placing the letter to the left of each statement.

a.

Brewery

e.

Reconciliation of physical unit flow formula

b.

Conversion costs

f.

Reconciliation of costs of production formula

c.

Equivalent units

g.

Shipbuilding

d.

Process costing system

h.

Work in Process

______

1.

Beginning WIP units + Units started = Units transferred out + Ending WIP

units

______

2.

A way of representing partially completed units in completed form

______

3.

Units in ending inventory at the end of the period

______

4.

An example of a company that would use process costing

______

5.

Beginning WIP balance + Costs added during the period = Costs transferred

out

during the period + Ending WIP balance

______

6.

Labor plus manufacturing overhead

______

7.

Used by companies that mass-produce similar products or employ a

continuous

production process

______

8.

An example of a company that would not use process costing

Marys · **Reply #1 on:** Feb 5, 2023

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