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Process Cost summary Ending Inventory 24,000 Process cost summary (production report): prepared separately for each process or production department describes costs charged to each department,
Process Cost summary Ending Inventory 24,000 Process cost summary (production report): prepared separately for each process or production department describes costs charged to each department, reports equivalent units of production achieved by each department, and determines the costs assigned to each department's output includes > equivalent units of production, physical flow of units, total costs charged to department o control costs, evaluate performance, evaluate process improvements & provide info for financial statements
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