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Wk 3 Discussion – Costing Systems [due Thurs]
Discussion Topic
Post a total of 3 substantive responses over 2 separate days for full participation. This includes your initial post and 2 replies to other students or your faculty member.
Due Thursday
The type of product a company produces affects the type of accounting system needed to determine product cost. The 2 most common types of costing systems are job-order costing and process costing.
Respond to the following in a minimum of 175 words:
- Compare and contrast job-order and process costing systems. How can events in a job-order costing system affect financial statements? How can events in a process costing system affect financial statements? Provide specific examples for each type.
Due Monday
Reply to at least 2 of your classmates or your faculty member. Be constructive and professional.