Except for WIP, all of the journal entries for process costing are the same as job costing.

Name: Except for WIP, all of the journal entries for process costing are the same as job costing.
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Question

Quizplus · Accepted Answer

Both process costing and job costing use similar types of journal entries for transactions such as purchasing materials, incurring labor costs, and applying overhead, except for how they handle work in process (WIP) due to the continuous flow in process costing versus discrete jobs in job costing.

Except for WIP, All of the Journal Entries for Process