Question 47 The five steps of the process costing procedure are scrambled below: 1-Assign total...
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Accounting
Question 47 The five steps of the process costing procedure are scrambled below: 1-Assign total costs to units completed and to units in ending WIP inventory 2-Summarize total costs to account for 3-Compute the cost per equivalent unit 4-Summarize the flow of physical units 5-Compute output in terms of equivalent units The correct order for these steps is: 4,2,5, 3, 1. 2,5,4, 1, 3. 3,1, 4, 2,5. 5,3,1, 4.2
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