Cost Accounting

TASK PROCESS COSTING

AND JOB ORDER COSTING
Presented by Group 5
Hey everyone!
We are Group 5.
Heli Wahyuni Mamonto
Rosdiana Suparno
Jerry Kurniawan Piri
Arief Rachman Ishak
Definition of Process
Costing & Job Order Costing
Job order costing and process
costing is a method that can help
companies determine the cost of
products more precisely
 Types of Process Costing
Standard Fee
Standard cost is the total cost
that should be spent to make
one unit of product or to
finance certain activities,
under the assumption of
certain other factors.
Weighted
First-in, first-out
Avarage
This type of process costing is a method of inventory
assignment classifies all management by using the
production-related costs and stock of goods in the
assigns them to the units a warehouse according to the
time of entry. The first stock to
company produces
enter the warehouse is the first
stock to leave the warehouse.
Infentory Analysis Process Costing
By determining the cost of each production process,
companies can find the beginning inventory, the
amount completed, and the balance to be carried over
Method
at the end of an accounting period.

Inventory Cost Conversion

The next thing that can be done in calculating
process costing is to change all inventories that are
considered to be in process at the end of the period
into the same number of units.

Calculate Applicable Fees

after converting each inventory to the appropriate number of
production units, calculate the sum of the indirect and direct costs
accumulated by the manufacturing process. This amount is balanced
between finished inventory and work in progress. Indirect and direct
production costs include beginning inventories and those incurred
during the period.
Process Costing
Method
Calculate Cost per Unit
calculating the unit price after all costs associated with the
manufacturing process for complete inventory and work in
process.

Determine Costs for Complete and Incomplete

Products
The final step in process costing is to disaggregate costs by
transferring the appropriate amounts to products completed and
to work-in-process inventory at the end of the period.
Work in Process

Inventory of Raw Materials

Flow of
Salary and Wages
Production
Factory Overhead Cost Costs
Finished Product
Thank you!
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