The four steps necessary to complete a cost of production report in a process cost system are a. allocate costs to units transferred out and partially completed unitsb. determine the units to be assigned costs c. determine the cost per equivalent unit d. compute equivalent units of production .The correct ordering of the steps is

As a result of a thorough physical inventory, waterway company determined that it had inventory worth $320200 at december 31, 2020. this count did not take into consideration the following facts: walker consignment currently has goods worth $47400 on its sales floor that belong to waterway but are being sold on consignment by walker. the selling price of these goods is $75900. waterway purchased $21900 of goods that were shipped on december 27, fob destination, that will be received by waterway on january 3. determine the correct amount of inventory that waterway should report.