# Sm Ch 18

Topics: Cost accounting, Costs, Inventory Pages: 60 (11174 words) Published: January 4, 2015
CHAPTER 18
PROCESS COSTING
OVERVIEW OF BRIEF EXERCISES, EXERCISES, PROBLEMS, AND CRITICAL THINKING CASES
Brief
Exercises
B. Ex. 18.1
B. Ex. 18.2
B. Ex. 18.3
B. Ex. 18.4
B. Ex. 18.5
B. Ex. 18.6
B. Ex. 18.7
B. Ex. 18.8
B. Ex. 18.9
B. Ex. 18.10

Topic
Selecting a cost accounting system
Real World: Walmart and J & J
Selecting a cost accounting system
Understanding cost flows
Process costing journal entries
Computing equivalent units
Computing cost per equivalent unit
Solving for missing information
Determining departmental unit costs
Interpreting a production cost report
Interpreting a production cost report

Exercises
18.1

Topic
Accounting terminology

18.2
18.3
18.4
18.5
18.6

18.12
18.13

Calculating equivalent units
Process costing in a single department
Preparing a production cost report
Computing equivalent units
Process costing with no beginning inventories,
Part I
Process costing with no beginning inventories,
Part II
Process costing with beginning inventories,
Part I
Process costing with beginning inventories,
Part II
Process costing through two departments, Part I
Process costing through two departments,
Part II
Solving for missing information
Assessing the need for process costing

18.14
18.15

Interpreting a production cost report
Solving for missing information

18.7
18.8
18.9
18.10
18.11

Learning
Objectives
Skills
18-1
Analysis, judgment
18-1
Analysis, judgment
18-2
18-2
18-3
18-3, 18-4
18-3, 18-4
18-5
18-6
18-6
Learning
Objectives
18-1–18-3,
18-6
18-2, 18-3
18-2–18-5
18-6
18-2–18-5
18-2–18-5
18-2–18-5
18-2–18-5
18-2–18-5
18-2–18-5
18-2–18-5
18-2–18-5
18-2–18-5
18-2–18-5
18-2–18-5
18-2–18-5
18-2–18-5
18-1–18-6
18-2–18-6
18-2–18-6

Analysis
Analysis
Analysis
Analysis
Analysis
Analysis
Analysis
Analysis
Skills
Analysis
Analysis
Analysis
Analysis
Analysis
Analysis,
communication
Analysis
Analysis
Analysis
Analysis
Analysis
Analysis
Communication,
judgment, analysis
Analysis
Analysis

Problems
Sets A, B
18.1 A,B
18.2 A,B
18.3 A,B
18.4 A,B

Learning
Objectives
18-2, 18-3
18-2–18-5
18-6
18-2–18-5

Analysis
Analysis, communication
Analysis
Analysis, communication

18-2–18-4
18-5, 18-6
18-2–18-5

Analysis
Analysis, communication
Analysis

18-2–18-5

Analysis

Critical Thinking Cases
18.1
Evaluating a process costing system

18-1–18-3

18.2

18-2–18-6

Judgment,
communication
Communication, analysis

18.5 A,B
18.6 A,B
18.7 A,B
18.8 A,B

18.3
18.4

Topic
Calculating equivalent units
Computing and using unit costs
Preparing a production cost report
Process costing with no beginning or ending
inventories
Computing equivalent units and unit costs
Preparing a production cost report
Comprehensive process costing
problem with two departments
Comprehensive process costing problem with
two departments

Interpreting and using process costing
information
Real World: PepsiCo
Ethics, Fraud & Corporate Governance
Real World: Wrigley Company
Manufacturing processess (Internet)

18-1, 18-2
18-1, 18-2

Skills

Analysis, judgment,
communication
Communication,
technology, research

DESCRIPTIONS OF PROBLEMS AND CRITICAL THINKING CASES
Below are brief descriptions of each problem, case, and the first Internet assignment. These descriptions are accompanied by the estimated time (in minutes) required for completion and by a difficulty rating. The time estimates assume use of the partially filled-in working papers.

Problems (Sets A and B)
18.1 A,B

Brite Ideas/Street Smarts
Compute equivalent units for two...