Cost reconciliation
Chapter 6
Equivalent units of output
Chapter 6
FIFO costing method
Chapter 6
Parallel processing
Chapter 6
Physical flow schedule
Chapter 6
Production report
Chapter 6
Sequential processing
Chapter 6
Weighted average costing
method
Chapter 6
Transferred-in costs
Chapter 6
The final section of the production report
that compares the costs to account for with
the costs accounted for to ensure that they
are equal. Page 258
Chapter 6
A process-costing method that separates
units in beginning inventory from those
produced during the current period. Unit
costs include only current-period costs and
production. Page 253
Chapter 6
A schedule that reconciles units to account
for with units accounted for. The physical
units are not adjusted for percent of
completion. Page 256
Chapter 6
A processing pattern in which units pass
from one process to another in a set order.
Page 246
Chapter 6
A process-costing method that combines
beginning inventory costs with currentperiod costs to compute unit costs. Costs
and output from the current period and the
previous period are averaged to compute
unit costs. Page 253
Chapter 6
Complete units that could have been
produced given the total amount of
manufacturing effort expended for the
period. Page 250
Chapter 6
A processing pattern in which two or more
sequential processes are required to produce
a finished good. Page 246
Chapter 6
A document that summarizes the
manufacturing activity that takes place in
a process department for a given period of
time. Page 249
Chapter 6
Costs transferred from a prior process to a
subsequent process. Page 249
Chapter 6