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What are the three cost categories incurred by job order

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Reference no: EM131538526

Question: 1. Under what conditions is a process cost accounting system more suitable for measuring production costs than a job order cost accounting system?

2. When direct materials are assigned and used in production, the entry to record their use includes

(a) a credit to Goods in Process Inventory,

(b) a debit to Goods in Process Inventory, or

(c) a debit to Raw Materials Inventory.

3. What are the three cost categories incurred by both job order and process operations?

4. How many Goods in Process Inventory accounts are needed in a process cost system?

Reference no: EM131538526

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