A company may choose to use process costing or job costing, but never both simultaneously.

Question

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A company may choose to use both process costing and job costing at the same time, depending on the nature of their operations. For example, a company may use process costing to track the costs of producing a standardized product, while also using job costing to track the costs of producing customized products or services for specific clients.

A Company May Choose to Use Process Costing or Job