1) what are the 3 building blocks of process costing?

2) What are equivalent units?

3) What is FIFO?

4) How does FIFO and the weighted average differ?

5) what are the 5 steps in process costing?

6) What are transfer in cost?

7) Conversion costs consist of what?

8) Conversion cost are usually incurred _________ throughout production.

9) Most companies use a __________which summarizes the 5-step procedure.