# Sm Ch 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

Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGrawHill Education.

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

Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGrawHill Education.

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...

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