Explain job costing and process costing

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Reference no: EM132549226

Question 1: Explain Equivalent units, Why are equivalent units necessary in process costing.

Question 2: Explain with the help of an example weighted average inventory costing system in process costing

Question 3: What is normal loss and abnormal loss with the help of an example

Question 4: Explain Job costing and Process costing, highlighting the difference between two with the help of an example

Reference no: EM132549226

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