Use “think-pair-share” to work on this exercise. First, read the following exercise. Then, take one to two minutes to think of your answers. Pair with another student to discuss your answers. Finally, be prepared to share your responses with the rest of the class.

Name a product and a service you have purchased that you believe was accounted for using job-order costing. Explain why you think so. Then, think how that product and service can be transformed such that process costing would be appropriate.