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Process costing is typically employed when producing a substantial quantity of similar products, while job order costing is utilized for specific unique, and high -
Process costing is typically employed when producing a substantial quantity of similar products, while job order costing is utilized for specific unique, and high cost items. Consider the manufacturing scenario of items such as iPads, laptops, and cars. Despite being produced in large quantities, these products carry a high price tag. In this context, do you think it would be more appropriate to implement a process costing system, a job order costing system, or a combination of both?
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