The way in which the computation of unit costs is carried out will depend heavily on the type of manufacturing process involved Two costing systems have
The perpetual inventory method cannot be used in a job order cost system 43 A job order cost system and a process cost system are two alternative methods
A) Companies that produce many different products or services are more likely to use job-order costing systems than process costing systems B) Costs are
Distinguish between process costing and job- order costing and identify companies that would use each costing method 2 Identify the documents used in a
2 Illustrate the cost flows and prepare journal entries for a normal JOCAS 3 Demonstrate how to account for scrap, reworked units, and spoilage in
a job order costing system; the solution to Example 4 1 shows how the The entries in the factory ledger can be shown in two ways, either in the matrix