Accounting Soft

Accounting Interview, Accounts management, Finance Interview, Accounting Jobs, Interview Skills, Finance Careers and Job

Turn Principles Into ACTION - Learn to apply the LANGUAGE OF BUSINESS principles to the REAL WORLD.

A Step-by-Step Guide to Acing Your Accounting Job Interview & Landing Your Dream Role.

A Step-by-Step Guide to Acing Your Accounting Job Interview & Landing Your Dream Role.

Advanced Accounts Payable - Learn how to reduce expenditure and use time efficiently in your Accounts Payable department

From Set-up to Bookkeeping, Accounting, Reporting, & Financial Statements in Xero with a Certified Xero Advisor

With an emphasis on the corporate approach, this text has 18 chapters devoted to financial accounting and 8 chapters covering managerial accounting. After studying this chapter, you should be able to:
• Describe the types of operations that require a process cost system.
• Distinguish between process and job costing systems.
• Discuss the concept of equivalent units in a process cost system.
• Compute equivalent units of production and unit costs under the average cost procedure.
• Prepare a production cost report for a process cost system and discuss its relationship to the Work in Process
Inventory account.
• Distinguish between normal and abnormal spoilage.
• Compute equivalent units of production and unit costs under the first-in first-out (FIFO) system (Appendix
19-A).
• Discuss how joint costs are allocated to joint products (Appendix 19-B).