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The management of a liquid cleaning product company is trying to decide whether to install a job or process costing system. The manufacturing vice president
The management of a liquid cleaning product company is trying to decide whether to install a job or process costing system. The manufacturing vice president has stated that job costing gives the best control because it is possible to assign costs to specific lots of goods. The controller, however, has stated that job costing requires too much recordkeeping. Would a process costing system met the manufacturing vice president's control objectives? Explain
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