Accounting 26th Edition by Carl Warren ,Jim Reeve ,Jonathan Duchac

Exercise 53

Process costing companies
Group Project
The following categories represent typical process manufacturing industries:
Beverages
Chemicals
Food
Forest and paper products
Metals
Petroleum refining
Pharmaceuticals
Soap and cosmetics
In groups of two or three, for each category identify one company (following your instructor's specific instructions) and determine the following:
1. Typical products manufactured by the selected company, including brand names
2. Typical raw materials used by the selected company
3. Types of processes used by the selected company
Use annual reports, the Internet, or library resources in doing this activity.