Question: 70. Match the correct term with the statement that describes it. -A.B.C.D.E.F.G.H. A process costing method that costs each periods equivalent units of work with

70.

Match the correct term with the statement that describes it.

-A.B.C.D.E.F.G.H.

A process costing method that costs each periods equivalent units of work with that periods costs per equivalent unit

-A.B.C.D.E.F.G.H.

Measure of the work done during a production period, expressed in terms of fully complete units of output

-A.B.C.D.E.F.G.H.

Conversion costs

-A.B.C.D.E.F.G.H.

Summary of the activity in a processing department for a specific period

-A.B.C.D.E.F.G.H.

Costing system used by a company producing computer chips

-A.B.C.D.E.F.G.H.

Prime costs

-A.B.C.D.E.F.G.H.

Costs incurred in a previous process that are carried forward as part of the products cost when it moves to the next department

-A.B.C.D.E.F.G.H.

Costing system used by a company producing by a company producing custom window treatments

A.

direct labor and factory overhead

B.

direct labor and direct materials

C.

transferred-in costs

D.

equivalent units

E.

process costing

F.

job costing

G.

FIFO method

H.

cost of production report

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