Part 1: Monitoring Costs -- Purchasing Materials Chapter -- Storing and Issuing Materials -- Controlling and Valuing Inventory -- Timekeeping and Payroll Chapter 6 Charging Labor Costs into Production -- Departmentalizing Overhead Costs -- Setting Overhead Rates -- Applying Manufacturing Overhead -- Completing the Cost Cycle and Accounting for Lost Materials -- Part 2: Process Cost System Production Data and Cost Flow -- Average Costing of Work in Process -- Units Lost or Increased in Production -- First In, First Out (FIFO) Costing of Work in Process -- Accounting for By-Products and Joint Products -- Part 3: The Analysis of Cost Behavior -- Budgeting -- Standard Costs: Materials and Labor -- Manufacturing Overhead Standard Costs: Completing the Accounting Cycle for Standard Costs -- Cost-Volume-Profit Analysis -- Analysis of Manufacturing Costs for Decision Making -- Cost Accounting for Distribution Activities and Service Businesses -- Decision Making Capital Investment Decisions

1. Cost accounting