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Lecture Managerial accounting Creating value in a dynamic business environment (Tenth edition): Chapter 4 - Ronald W. Hilton, David E. Platt

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Chapter 4 - Process costing and hybrid product - costing systems. After completing this chapter, you should be able to: List and explain the similarities and important differences between job-order and process costing, prepare journal entries to record the flow of costs in a process-costing system with sequential production departments, prepare a table of equivalent units under weighted-average process costing,...

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