Identifying appropriate product costing systems for three real world companies Obtain the Form 10-Ks for these three companies: AGCO Corporation, Crown Holdings, Inc., and Noble Corporation. To obtain the Form 10-Ks you can use either the EDGAR system following the instructions in Appendix A, or they can be found on the companies’ websites: www.agcocorp.com (Investors), www.crowncork.com (For Investors), and www.noblecorp.com (Investor Relations). Read the “Item 1. Business” sections of their 10-Ks in order to understand the nature of these companies’ businesses.

Required

For each company, determine if it primarily uses a job-order or process costing system to compute the cost of the products or services it sells. Explain the rationale for your answer. If you believe a company uses elements of both job-order and process costing systems, a hybrid system, explain the rationale for that conclusion.