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1. How much does the finished product cost?

2. While reducing product costs must also take full advantage of modern information technology.

3. If FIFO method is used to account for product costs, it is necessary to measure separately the equivalent units in beginning work in process and the current period equivalent units.

4. Cost accounting systems provide timely unit product costs through the use of perpetual inventory procedures.

5. In this case, product costs are debited to a single work in process account. The unit cost of the finished product is determined by dividing the total product cost by the number of units' product.

6. At this point, all product costs have been accumulated into debit balances in the Materials Inventory, Factory Payroll, and Factory Overhead account.

7. In a job order costing system, product costs are accumulated by individual jobs and are summarized on job order cost sheets.

8. All product costs are summarized periodically[sentence dictionary], usually at the end of the month.

9. We present a simplified illustration to show the flow of product costs.

10. Advertising budgets skyrocketed to the point of matching or exceeding actual product costs.

11. Executives must stop focusing on labor costs, which, with automation, have become a tiny part of product costs, and look into how to right-size marketing, sales, and general overhead expenses.

12. There are many transparent mistakes in the calculation of product costs.