147 Match the following terms with the definitions. 1. Costing system that measures costs per unit upon completion of a job. 2. Report of total costs charged to a department describes its equivalent units of production achieved, and allocates costs among units worked consumption on in the period 3. A manufacturing system that contains features of both process costing and job order costing systems 4. Number of units that could have been started and completed given the costs incurred during the Hybrid costing period 5. System of measuring unit costs at the end of a period by combining costs per equivalent unit from each separate department. 6. Document that summarizes the materials a Job order costing system Materials report Process cost summary system Equivalent units of production department uses when inventory moves continuously through the manufacturing process during a reporting period; replaces materials requisition 7. Mass production of similar products in a continuous flow of sequential processes Process costing system_ Process operations Short Answer Questions 148. What is meant by equivalent units of production, and why are they important w system is used