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Which of the following is a similarity between job order costing and process costing systems?

Rosa

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Which of the following is a similarity between job order costing and process costing systems?

Which of the following is a similarity between job order costing and process costing systems?

▸ Both produce many different types of products, often to customer specifications.

▸ Both systems track cost flows from Raw Materials to Work in Process, from Work in Process to Finished Goods, and from Finished Goods to Cost of Goods Sold.

▸ Both accumulate costs on a job cost sheet.

▸ Both accumulate product costs in each production department during the period.

Textbook

Managerial Accounting

Managerial Accounting

Edition: 4^th

Author: Davis

Read 52 times

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Rosa Author

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Thanks for your help!!

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Thank you, thank you, thank you!

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Thanks

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