Distinguish between sequential and parallel processing

Reference no: EM131342623

1. Distinguish between sequential processing and parallel processing.

2. Describe the differences between process costing and job-order costing.

3. What are equivalent units? Why are they needed in a process-costing system?

4. Under the weighted average method, how are prior period costs and output treated? vHow are they treated under the FIFO method?

Reference no: EM131342623

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