 Hello in this lecture, we're going to talk about the process cost system at the end of this We will be able to define the process cost system list the accounts involved related to inventory Journalize the activity related to the production of inventory in the process cost system first Let's take a look at our trial balance. We have our trial balance over here the debits represented with no brackets credits Having brackets debits equal the credits by the debits minus the credits equal in zero We have the assets in green Liabilities in orange or yellow and then the lighter blue or the equity account the darker blue the income Income is here added up to a loss at this point on the books. That's what we have at this time We will be focusing in on the accounts and the flow of the process through the processing and creation of inventory Therefore, we'll be looking at the raw materials that which is part of inventory the working process part of inventory