how we might, as managers, utilize the cost information. Certainly inventory valuation matters, but what more could you see us doing with the information? How can it help us better manage our business? Thinking about the totality of cost accounting systems we've covered to this point, how might some of those tools apply in a process costing environment $($ABC$,$ standard costing, etc.$).$ What do you think might be some of the challenges encountered in a process costing environment? How might process costing type information be utilized in performance evaluation systems, such as a balanced scorecard?