Principles of Accounting, 2002 Edition
Belverd E. Needles, Jr., DePaul University Marian Powers, Northwestern University Susan Crosson, Santa Fe Community College
Chapter Summaries
Chapter 20: Cost Concepts and Cost Allocation
Chapter 20 introduces various approaches managers use to classify costs and the concept of product costing and discusses the basic terminology used in accounting for internal operations. The reporting of manufacturing costs is highlighted and illustrated.
