I{C}{C}{C}. In a process costing environment, production flow may include from __________ to a _________ or more departments, processes, or work cells.

II{C}{C}{C}. A process costing system maintains a _________________ Work in Process Inventory account for each department, process, or work cell.

III{C}{C}{C}. Each Work in Process Inventory account contains costs of any direct _____________, direct ____________, and ________________ for that department, process, or work cell, as well as any costs that have been transferred in from the ______________ department, process, or work cell.

IV{C}{C}{C}. At the ___________ of every accounting period, a ____________ report assigns the costs that have accumulated during the period to the units that have transferred out of the department and to the units that are still a part of the work in process.

V{C}{C}{C}. A process cost report may be prepared using the __________ costing method or the _______________ costing method.

VI{C}{C}{C}. _______________ production (equivalent units) is a measure of the number of equivalent whole units worked on during a period.

A. Explain why the calculation of equivalent units is necessary.

B. Equivalent production applies a ______________of-completion factor to partially completed units to calculate the equivalent number of ___________ units produced in an accounting period for each type of production input.

C. The number of equivalent units produced is the sum of the following:

1. Total units ______________ and ____________ during the period

2. An amount representing the work done on _______________ completed products in both the beginning and ending work in process inventories.