In process costing, each accounting period is actually equivalent to a unique job in a job costing system.

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In process costing, all costs for a continuous process are accumulated for each period, and the average cost of producing a unit of cost during the period is calculated. In a similar fashion, a job cost system accumulates costs over the entire production period for a given unit or batch of units of product.

In Process Costing, Each Accounting Period Is Actually Equivalent to a Unique