The ﬂow of costs through the manufacturing accounts is essentially the same in both process costing and job-order costing.

Question

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In both process costing and job-order costing, costs flow through the same manufacturing accounts including raw materials, work in progress, and finished goods. However, the key difference between the two is how costs are accumulated and assigned to the products being produced.

The ﬂOw of Costs Through the Manufacturing Accounts Is Essentially