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TOPIC: PROCESS COSTING What document is used to support subsidiary ledger for work in process inventory when a process costing system is used? Number 2.

TOPIC: PROCESS COSTING

What document is used to support subsidiary ledger for work in process inventory when a process costing system is used?

Number 2. Explain and discuss the following terms

Division/Parts of Cell Production

Quantity Schedule

Calculate equivalent unit and Unit Cost

Determine the cost to be accounted for (costs charged to the department)

Account for all cost.

Number 3. What are spoiled units? In what way are they similar to spoiled under job-order costing?

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