Which of the following are similar for job order and process costing?

Question

Quizplus · Accepted Answer

Job order and process costing both involve cost flows starting from raw materials, moving to work in process, then to finished goods and finally to cost of sales. While they may differ in their methods of allocating costs, the overall flow of costs is the same. Record keeping, measures of output, and focal points of costs may differ between the two costing methods.

Which of the Following Are Similar for Job Order and Process