In: Accounting
(1) "Describe when (or what circumstances) is a Process Costing System used".
(2) "Distinguish between a Process Costing System and Job-Order Costing System".
(3) "Described the purposes of the Equivalents Units Of Production (EUP) and how it is used in a
manufacturing environment".
(4) "Contrast and distinguish between the Weighted-Average Method and the First-In-First-Out (FIFO)
Method of computing the Equivalents Units Of Production (EUP)".