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Which of the following statement is incorrect? Under job - order costing system, total cost is calculated at the end of each period. Process costing
Which of the following statement is incorrect?
Under joborder costing system, total cost is calculated at the end of each period.
Process costing system uses production cost report to keep track of costs incurred in the production department
Job order costing uses a job order cost sheet to keep track of costs incurred on each job.
process costing system keeps multiple WIP accounts, while job order costing keeps only one WIP account.
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