Chapter 5 — Process Costing (adapted)
Chapter 5 Outline
5.0 Why It Matters
LO 5.1 Distinguish between Job Order Costing and Process Costing
LO 5.2 Describe and Identify the Three Major Components of Product Costs under Job Order Costing
LO 5.3 Use the Job Order Costing Method to Trace the Flow of Product Costs through the Inventory Accounts
LO 5.4 Compute a Predetermined Overhead Rate and Apply Overhead to Production