Course Learning Objectives

By the end of this section, you will be able to:

• Apply accounting procedures for manufacturing businesses.
• Calculate product costs and track product cost flows.
• Apply job costing, process costing, and operation costing concepts

Specific Learning Outcomes

After you complete the required assignments you will be able to:

• Calculate product costs and track product cost flows
• Compare job and process costing
• Define and compute equivalent units of production
• Apply process costing to calculate product cost
• Prepare a process cost summary using the weighted average (or avg cost) method