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Process Costing in Real Companies

Watch both videos:

  1.  https://www.youtube.com/watch?v=lSLBEa6uud4

  2. https://www.youtube.com/watch?v=nbofx_YYaq0

One of the videos is driven by human labor, while the other is driven by machines. Note the difference while you answer the questions.

1. Describe the product selected.

2. Summarize the production process.

3. Justify why you think this production process would dictate the use of a process costing system.

4. List at least two separate processes that are performed in creating this product. What departments would house these processes?

5. Describe at least one department that would have ending work in process. What do the units look like as they are "in process"?

accounting   financial   Comparative-Income-Statements   Job-Costing   Managerial   Process-Costing   
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