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7 January, 18:02

TP4.

LO 5.5What is different between the journal entries for process costing and that of job order costing?

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  1. 7 January, 20:03
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    Answer and explanation:

    With unique products, job order costing is used, and journal entry process costing is used for standardized goods. While job costing is implemented for short terms of production, the journal entry is used for large production terms. Journal entries aggregates costs, and therefore less record keeping is needed.
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