Pleases answer questions completely. Thanks.

1. Give three examples of industries and companies within those industries that would use process costing.

2. What is the key difference between the two cost accounting systems (job order cost accounting and process cost accounting) regarding the accumulation of costs and the calculation of unit costs?

3. What is the difference between the term unit cost commonly used in a process cost system and the term job cost commonly used in a job order cost system?

4. What is the primary objective of accumulating costs by department as done in a process cost accounting system?

5. Name and describe the four main sections of a cost of production summary.