Match each phrase that follows with the term (a-h) it describes:

prime costs

costing system used by a company producing custom window treatments

costs incurred in a previous process that are carried forward as part of the product's cost when it moves to the next department

conversion costs

measure of the work done during a production period, expressed in terms of fully complete units of output

costing system used by a company producing computer chips

a process costing method that costs each period's equivalent units of work with that period's costs per equivalent unit

summary of the activity in a processing department for a specific period

1.direct labor and factory overhead

2.direct labor and direct materials

3.transferred in costs

4.equivalent units

5.process costing

6.job order costing

7.first-in, first-out method

8.cost of production report