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1. How are the flow of costs different in a Process costing system as compared to a Job-Order costing system? As part of this explanation
1. How are the flow of costs different in a Process costing system as compared to a Job-Order costing system? As part of this explanation it may be helpful to also explain what types of production processes would most likely use a Process costing system and which might use a Job-Order costing system?
2. Explain the concept of Equivalent Units used in a Process costing system.
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