Process costing is one the important costing technique which company uses to record their production transaction....

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Process costing is one the important costing technique which company uses to record their production transaction. Required: Explain process costing technique? Your answer covers the following details. (a) Which company uses process costing with examples? (b) Equivalent production units (EPU) (c) How to calculate cost per unit (d) How to calculate cost of units completed in FIFO and weighted average method. Process costing is one the important costing technique which company uses to record their production transaction. Required: Explain process costing technique? Your answer covers the following details. (a) Which company uses process costing with examples? (b) Equivalent production units (EPU) (c) How to calculate cost per unit (d) How to calculate cost of units completed in FIFO and weighted average method.