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Which of the following is a similarity between job order costing and process costing systems?
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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.
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Managerial Accounting
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Davis
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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.
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Rosa
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Just got PERFECT on my quiz
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Thank you, thank you, thank you!
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Thanks for your help!!
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