For pet food: How would adopting a Process Costing system benefit the managers responsible for the production of this product? List two specific decisions you think a Process Costing system could help these managers make.
Identify and describe two or three processes involved in making this product. For each, describe the direct materials used and at least one conversion cost associated with the process.
Explain how managers would be able to estimate the cost of the units being processed at a given point in time.