Question: 1. Explain what is meant by process costs, and what are the main stages in calculating process costs? 2. Explain the elements of internal control!

1. Explain what is meant by process costs, and what are the main stages in calculating process costs?

2. Explain the elements of internal control! 3. In 2022, PT. Jaya bought 30% of PT. Abadi's shares (30,000 shares) for IDR 800 per share, at an exchange rate of 110 including fees and stamp duty. At the end of 2022 PT. Abadi reported obtaining a net profit of IDR 30,000,000 by announcing a dividend distribution of IDR 20,000,000.
Make a journal at PT. Jaya regarding the above transactions

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1 Process costs refer to the total costs incurred in each stage of production in a manufacturing process The main stages in calculating process costs include Identifying the direct materials used in p... View full answer

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