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Exercise 2-4 Product Costing Systems

Exercise 2-4 Product Costing Systems
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ACCOUNTING

MT425 / MT 425
Managerial Finance and Accounting
Kaplan University (KU Campus)

James Jiambalvo
Managerial Accounting, 4e
Hoboken, NJ: John Wiley & Sons.

Unit 2: Accounting, Management, and Cost Decisions

Chapter 2, Exercise 2-4 Product Costing Systems [LO 4] For the list of product manufacturers below, indicate whether a job-cost system (J) or a process cost system (P) would be most appropriate.
a. Chemicals processor
b. Paint manufacturer
c. Law firm
d. Producer of molds used by other manufacturing firms to shape their products
e. Dog food producer
f. Custom home builder

 

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