1. Job Order Costing vs Process Costing (5: 59
2. Job Order Costing (4:25)
3. Process Costing (12:15)
4.Cost Per Equivalent Unit (weighted average method) (12:20)
5.Cost Per Equivalent Unit FIFO Method (7:53)
6.Cost Per Equivalent Unit– FIFO Method vs. Weighted-average Method (8:35)
7.Cost Per Equivalent Unit, FIFO Method, Part 2 (Applying Costs) (6:47)
After watching the videos, please answer the following questions one paragraph for each question:
1. How might you apply direct labor costs under Job Order versus Process Costing?
2.Under the 2 methods of Process Costing, why is the FIFO method considered superior to the Weighted Average method?
3. Is it possible to monitor cost “trends” using the Weighted Average method?