Process Costing

This video explains the concept of process costing in managerial accounting. Process costing is compared and contrasted with job-order costing, and an example is provided to illustrate the cost flows and associated journal entries of a process costing system.
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Wow! I'm impressed that the videos captured your attention for that long :) I just got all my managerial accounting videos posted to my website, where you can track your progress. Eventually there will also be practice exercises and practice exams. To check it out you can go to: edspira.com/courses/managerial-accounting The materials will always be free. Thanks so much for watching!

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If the factory produced various kind of cookies using the same machines, would it also be process costing system?

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