Process Costing

This book covers the more complex areas of the costing of processes and operations. It explains how to determine the average cost per unit in process costing in a simple step-by-step approach. Joint product costing is explained, covering both the different methods which can be used to value stock for determining the profit for the period, and the type of information which is required for a further processing decision. The book also covers the distinction between joint products and by-products and the accounting treatment required.