Which of the following is not a necessary step in preparing a production cost report?

A) Compute the equivalent units of production.
B) Compute the physical unit flow.
C) Prepare the job order cost sheet.
D) Prepare a cost reconciliation schedule.

Equivalent Units

In cost accounting, equivalent units are used in process costing to represent the portion of work done on incomplete units within an accounting period as though they were complete.

Production Cost Report

A document that details the total cost and production information for a specific period, showing material, labor, and overhead expenses.

Job Order Cost Sheet

A document that records and tracks the materials, labor, and overhead costs incurred for a specific job or order.