Question: How does process costing differ from job order costing? When is process costing used instead of job-order costing? Can a company simply choose one method

  • How does process costing differ from job order costing?
  • When is process costing used instead of job-order costing? Can a company simply choose one method over the other because it likes one method better?
  • Which two types of product costs are typically added together in process costing? Why are they combined?

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