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The four steps necessary to complete a cost of production report in a process cost system are 1. allocate costs to transferred and partially completed units 2. determine the units to be assigned costs 3. determine the cost per equivalent unit 4. calculate equivalent units of production the correct ordering of the steps is 2, 3, 4, 1 2, 4, 3, 1 4, 2, 3, 1 2, 3, 1, 4

Melissa Norris

in Mathematics

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Kristi Hammond on February 13, 2018

The 1st step in the development of a production cost report is to determine the units to be assigned costs. The next time will be to calculate the total units of of production. After that, you can determine the cost per equivalent unit simply dividing the total cost with the total number of units produced. Lastly, allocate some of the costs the units that are already completed and transferred to another department. Therefore, the correct sequence is:2, 4, 3, 1


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