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Discuss production process and how we account and record Direct Labor, Direct Materials and Overhead in Raw Materials, Work In Process, and Overhead Costs, make sure to discuss Debits and Credits in detail. Also discuss similarities and differences between job order and process costing. Don’t forget to discuss accounting for equivalent units.

Watch the video below and write a three to four paragraphs summarizing the contents of the chapter and video. In your posts you want to discuss production process and how we account and record Direct Labor, Direct Materials and Overhead in Raw Materials, Work In Process, and Overhead Costs, make sure to discuss Debits and […]

What are the distinguishing features between period and product costs and when would each type be used?What is the difference between the two and why is the distinction important?

Reply to the following discussion posts using at least 175 words per reply. Be professional and constructive in your responses. Be sure to use FULL APA references and in-text citations. 1. Compare and contrast job-order and process costing systems. How can events in a process costing system affect financial statements? What are the distinguishing features […]

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