joeportment & die troristetted from Processing Department to Processing Department Y Work In process, department Y XXX Work in process, department Z XXX 12 The following journal entry would be made in a process costing system when units that have been completed with respect to the work done in the final processing department are transferred to the finished goods warehouse: Finished good Work in process EXXXXX XXX 13. In process costing, the same equivalent units figure is used for both materials and conversion.costs. When assigning costs to partially completed units in the ending work-in-process inventory, it is NOT necessary to consider the percentage of completion of the units under the weighted-average method. 14.Unit-level production activities are performed each time a unit is made. 15. Organization-sustaining activities are carried out regardless of how many units are made, how many batches are run, or how many different products are made. 16. Activity-based costing uses a number of activity cost pools, each of which is allocated to products on the basis of direct labour hours. 17. The first-stage allocation in activity-based costing is the process by which overhead costs are assigned to products before they are assigned to customers. 18. In the preparation of financial statements using variable costing, fixed manufacturing overhead is treated as a period cost. 19. Variable costing is sometimes referred to as direct costing or marginal costing. 20. Under variable costing, the unit product cost contains some fixed manufacturing overhead cost.