chapter5-- productand service costing a process systems（chapter5——圣诞卡服务成本核算流程系统）.docVIP

CHAPTER 5 Product and Service Costing:A Process Systems Approach LEARNING OBJECTIVES After studying this chapter, you should be able to: 1. Describe the basic characteristics of process costing, including cost flows, journal entries, and the cost of production report. 2. Describe process costing for settings without work-in-process inventories. 3. Define equivalent units, and explain their role in process costing. 4. Prepare a departmental production report using the FIFO method. 5. Prepare a departmental production report using the weighted average method. 6. Prepare a departmental product