1. The first step in preparing a cost of production report is to . compute equivalent units of production determine the units to be assigned costs determine the cost per equivalent unit allocate costs to units transferred out and partially completed units 2. The last step in preparing a cost of production report is to . compute equivalent units of production determine the units to be assigned costs determine the cost per equivalent unit allocate costs to units transferred out and partially completed units

1. The first step in preparing a cost of production report is to .

compute equivalent units of production

2. The last step in preparing a cost of production report is to .

allocate costs to units transferred out and partially completed units

Explanation:

After determining the equivalent units of production, the total costs of production are determined.  The next step is to determine the cost per equivalent unit by dividing the total costs by the equivalent units of production. Finally, the equivalent cost per unit is multiplied by the equivalent units for units transferred out and ending inventory (partially completed units).

answer; erp systems;