What is a production report

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1. What is a production report? What purpose does this report serve?

2. In assigning costs to goods transferred out, how do the weighted average and FIFO methods differ?

3. Describe the effect of automation on the process accounting system.

4. How does the adoption of a JIT approach to manufacturing affect process costing?

5. How would process costing for services differ from process costing for manufactured goods?

Reference no: EM131342615

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