Process Cost Accounting Practice Case

by William K. Carter

Students perform virtually the entire accounting cycle in a process-cost setting with this thorough practice case. The case effectively integrates several of the most demanding cost accounting topics into a single, coherent whole. Students can complete considerable work in the case before more demanding topics are presented in the classroom. After predetermined overhead rates, the step method, and spoilage are covered by the instructor, then students can finish the case. For brevity this case completes the accounting cycle after one month of operation. Students handle all transactions, from general journal entries to making numerous adjusting entries at month-end and preparing the income statement for the month. Previous editions have been extensively class tested to ensure an effective case that requires little instructor supervision.

Paperback

First published April 30, 1999