ACCT346 Process Costing Discussions

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ACCT346 Process Costing Discussions
Describe how the process costing system accumulates and assigns costs by compar…

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ACCT346 Process Costing Discussions

ACCT346 Process Costing Discussions

Week 2 All Students Post 41 Pages

Describe how the process costing system accumulates and assigns costs by comparing and contrasting to the job-order costing system….

What is the difference between Job Order Costing and Process Costing? What system would you use for manufacturing custom made tables? What system would you use if you were manufacturing 100,000 gallons of paint? WHY?
Can you think of different situations which clearly should use one system rather than the other?

If beginning inventory consisted of 22,500 units, ending inventory was 7,500 units, and 33,000 units were started during the period, how many units were completed and transferred out of the department to the next department?…