Job order costing creates a process to fully identify the costs of a project (job) in every detail. Discuss why job order costing is a valuable tool to help analyze costs and properly analyze each component of costs. From making a major movie to producing an airplane the details of costs are critical. Discuss how the accountant can use job-order costing during the production cycle and why it is critical to closely manage cost flow from the manufacturing cost to work-in-process to finished goods. Explain why a cost like a factory labor could be hard to assign when the factory has many projects underway at any given time. Provide examples in your discussion.

3 short paragraphs plus a conclusion