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ACC 232, Chapter 16

Across
Companies are increasingly _____ their production processes with robots.
The type of costing system that would be suitable for a manufacturer of shampoo
When goods are sold a company debits Cost of Goods Sold and credits _____ _____ _____
The cost of the beginning work in process plus the current period's cost equals the _____ _____ to account for
In a just-in-time production system, a _____ _____ Inventory account might not be necessary
Down
A _____ _____ summary is prepared separately for each process or production department
The _____ ____ per equivalent unit is equal to the combined direct labor and factory overhead per equivalent unit.
The _____ units of production are equal to the whole units completed plus the number of equivalent units in the ending work in process inventory
Two different methods that can be used to calculate equivalent units of production are FIFO and _____ _____
The total costs accounted for are equal to the cost of units completed and transferred and the ending _____ __ _____ Inventory
Companies that use process costing must ____ factory overhead costs to production