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1. Briefly compare and contrast job costing with process costing. Provide an example of process costing. 2. Define a product cost flow. Give a real-life

1. Briefly compare and contrast job costing with process costing. Provide an example of process costing.

2. Define a product cost flow. Give a real-life example of a product cost flow.

3. What is contained in a product cost report? Describe how to generate a production cost report.

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