Accounting Chapter 5 a. What kind of company would not use process costing? b. What is the formula to solve for equivalent units? c. What are the 2 categories of costs are in the process costing system? d. You are given 3 WIP accounts in the manufacturing process and it is sequential. What will the journal entry be when costs are transferred out of one of these? e. What are the 5 steps of process costing? f. What are the costs called that move from one WIP to another WIP? g. You are given direct materials costs, labor costs, and manufacturing costs. How do you calculate the total conversion costs for the month