This Question 2 pts 32 of 55 0 completeThis Test 150 pts pos

This Question: 2 pts 32 of 55 (0 complete)This Test: 150 pts possi Four steps are necessary in preparing a production cost report: Compute output in terms of equivalent units of production 2. 1. Assign costs to units completed and units in process 3. Summarize the flow of physical units 4. Compute the cost per equivalent unit of production Place these steps in the correct order O A. 1, 3, 2, 4 O B. 3, 1,4, 2 C. 2. 1.4.3 O D. 4, 2, 1, 3

Solution

solution ) option b is the correct sequence. first step in preparing a production cost report is summarize the flow of physical units. second step is compute output in terms of equivalent units of production. third step includes computation of cost per equivalent unit of production and last step is assign costs to units completed and units in progress.