Chapter 4 - Process costing and hybrid product-costing systems. After completing this chapter, you should be able to: List and explain the similarities and important differences between job-order and process costing, prepare journal entries to record the flow of costs in a process-costing system with sequential production departments, prepare a table of equivalent units under weighted-average process costing,. | Lecture Managerial accounting: Creating value in a dynamic business environment (10th edition): Chapter 4 - Ronald W. Hilton, David E. Platt