Chapter 20, Problem 12RQ

To determine

Concept introduction:

Process costing system: Process costing systems is a system to assign the costs where the production goes through different processes. A product may take several processes to complete and when these processes are separable, the process costing system is applied to ascertain the cost of each process.

Production Cost report: Production cost report is made to summarize the details of production and cost activities in a process or department during a particular period.

Units completed: In the production cost report, units completed can be calculated with the help of following formula:

$\begin{array}{l}Unitscompeted=UnitsinbeginningWIP+Unitsstartedduringthecurrentperiod\\ -UnitsinEndingWIP\end{array}$

To determine: The number of completed units in the process