1. How is the equivalent unit calculation affected when materials are added at the beginning or end of the process rather than uniformly throughout the process?

2. Explain why transferred-in costs are a special type of raw material for the receiving department.

3. What are the similarities in and differences between the manufacturing cost flows for job-order firms and process firms?

4. What journal entry would be made as goods are transferred out from one department to another department? From the final department to the warehouse?

5. Describe the five steps in accounting for the manufacturing activity of a processing department, and explain how they interrelate.

6. What is a production report? What purpose does this report serve?

7. In assigning costs to goods transferred out, how do the weighted average and FIFO methods differ?

8. Describe the effect of automation on the process accounting system.

9. How does the adoption of a JIT approach to manufacturing affect process costing?

10. How would process costing for services differ from process costing for manufactured goods?