ChipMasters, a company that utilizes a process costing system to account for the cost of its microchips, has received an order from a tech company to produce and supply 12,000 microchips. Can ChipMasters use a job-order costing system for this order while maintaining its usual process costing system for regular production?

Requirement:

1. Identify the main differences between process costing and job-order costing.
2. Discuss the benefits and potential drawbacks of using job-order costing for this particular order.