CostAccountingSeventeenthEdition,GlobalEditionChapter18ProcessCostingCopyright?2021PearsonEducationLtd.
LearningObjectives(1of2)18.1Identifythesituationsinwhichprocess-costingsystemsareappropriate18.2Understandthebasicconceptsofprocess-costingandcomputeaverageunitcosts18.3Describethefivestepsinprocess-costingandcalculateequivalentunits18.4Usetheweighted-averagemethodandfirst-in,first-out(FIFO)methodofprocesscosting
LearningObjectives(2of2)18.5Applyprocess-costingmethodstosituationswithtransferred-incosts18.6Understandthe
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