Author Question: Which of the following is not a similarity between job order costing and process costing systems? (Read 108 times)

lrhoads · **on:** Feb 5, 2023

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.

Kevin5! · **Reply #1 on:** Feb 5, 2023

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