Reference no: EM131537466

Assignment: Job costs & Process costs

1. Job Order Costing vs Process Costing (5: 59

2. Job Order Costing (4:25)

3. Process Costing (12:15)

4.Cost Per Equivalent Unit (weighted average method) (12:20)

5.Cost Per Equivalent Unit FIFO Method (7:53)

6.Cost Per Equivalent Unit-- FIFO Method vs. Weighted-average Method (8:35)

7.Cost Per Equivalent Unit, FIFO Method, Part 2 (Applying Costs) (6:47)

After watching the videos, please answer the following questions one paragraph for each question:

1. How might you apply direct labor costs under Job Order versus Process Costing?

2. Under the 2 methods of Process Costing, why is the FIFO method considered superior to the Weighted Average method?

3. Is it possible to monitor cost "trends" using the Weighted Average method?