 Hello in this lecture, we're going to talk about a process cost system and equivalent units using the FIFO method We will be able to at the end of this calculate equivalent units use equivalent units to allocate material and conversion cost to departments and create journal entry to transfer cost from one department to the next Alright, so this is the information that we will have here. We're gonna be looking at focusing in on Department a we're assuming there are two departments in a process cost system So remember when we're thinking about a process cost system We're thinking about something that makes the same type of units something like taffy or oil or something like that That's every unit is the same and therefore we're going to allocate the cost of the production using a process cost system Allocating the costs to a particular process in this case We're gonna have the process a and process be department a and department b and