Place the following Process costing steps in the correct order: 1 - Calculate equivalent units
2 - Determine the total costs to account for
3 - Analyze flow of physical units
4 - Assign total manufacturing costs
5 - Compute unit costs
A)3, 5, 2, 1, 4.
B)2, 1, 5, 4, 3.
C)2, 3, 5, 4, 1.
D)3, 1, 2, 5, 4.
E)None of the above.

Question

Quizplus · Accepted Answer

The correct order of process costing steps is: Analyze flow of physical units, Calculate equivalent units, Determine the total costs to account for, Compute unit costs, Assign total manufacturing costs.

Place the Following Process Costing Steps in the Correct Order