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samanthakay samanthakay
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A year ago
Which of the following is not a similarity between job order costing and process costing systems?

▸ Both accumulate direct materials, direct labor, and manufacturing overhead costs.

▸ 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 transfer the cost of the inventory to Cost of Goods Sold when the production process is completed.

▸ Both accumulate product costs throughout the production process and assign those costs to individual units of production.
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Managerial Accounting

Managerial Accounting


Edition: 4th
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wukong81wukong81
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