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During week four you studied process costing and saw how this cost accounting system varied from job order costing that you learned about in week three. For your week four discussion board post I would like you do identify a publicly traded manufacturing company. BY publicly traded it means they have stock traded on an exchange such as the New York Stock Exchange. I would then like you to research a product they manufacture. Based on what you have found would they use process costing or job order costing. Why did you select the method they did. Please be sure to integrate terms and concepts you learned about in week three and four as you describe the cost accounting system they might use.
Attached the week 3 Assignment that i submitted earlier
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Running head: COSTING METHODS
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General Motors Costing Systems
Name
Institution
Date
COSTING METHODS
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General Motors Costing Systems
Manufacturing cost accounting determines the cost of direct and indirect labor and
overheads. The process helps to understand the cost involved in making manufactured products.
In the manufacturing firms, a system of cost accounting consists of cost accounts incorporated in
a firm's general ledger (Garrison et al., 2010). The process and job order costing are the main
systems of cost accounting. Product cost is assigned to a process or a departme...
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