Explain the similarities and differences between job order costing and process costing. In your explanation, provide examples of when job order costing and process costing would be most appropriate. Your initial post should be 250 words

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In managerial accounting, it is essential to understand the different mechanisms of assigning costs with a view of determining what method will best suit the type of business activity being carried out (DRURY, 2013). For that reason, both Job order and the process costing systems have their primary goal as assigning material, labor and costs to products in a …

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