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Accounting Mastery Within Reach

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  • Financial Accounting
    • Journal Entries: The Basics
    • The Accounting Cycle
    • Buyer/Seller Entries: Gross Method (Perpetual)
    • Buyer/Seller Entries: Net Method (Perpetual)
    • Petty Cash
    • Bank Reconciliations
    • Partnership Income Division
    • Partnership Liquidation Charts
    • Issuing Stock
    • Treasury Stock
    • Cash Flow Statements
  • Managerial & Cost
    • Product vs. Period Costs
    • Cost Behaviors: Variable Costs vs. Fixed Costs
    • CVP Analysis
      • Lesson 1: Understanding Contribution Margins
      • Lesson 2: Calculating Break-Even Point
    • Differential Analysis
      • Make or Buy
      • Lease or Sell
    • High-Low Method
    • Plantwide Overhead Rates
    • Process Costing
  • Intermediate Accounting
    • Cash Accounting vs. Accrual Accounting
      • Cash vs. Accrual Accounting: Converting Cash to Accrual
    • Advanced Adjusting Entry Analysis
    • Reversing Entries
    • Advanced Multi-Step Income Statements
    • Advanced Cash Flow Statements
    • Gross Method vs. Net Method (Seller Transactions)
    • Inventory Valuation: Dollar-Value LIFO
    • Interest Capitalization
    • Nonmonetary Exchanges
    • Depreciation: Sum-of-the-Years’-Digits Method
  • Excel
    • Introduction to Excel – Lesson One
    • Introduction to Excel – Lesson Two
    • Introduction to Excel – Lesson Three
HomeProcess Costing

Process Costing

Process Costing: FIFO Method vs. Weighted Average Method

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Process Costing Google Spreadsheet
and follow along!

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