Whether a company uses process costing or job-order costing depends on its industry. A number of companies in different industries are listed below:1. Flour mill2. Dairy farm3. Electric utility4. Custom boat builder5. Management consulting firm6. Aluminum refiner that makes aluminum ingots from bauxite oreRequired:For each company, indicate whether the company is most likely to use job-order costing or process costing.
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q328: Daosta Incorporated uses the first-in, first-out method
Q329: Lenning Corporation uses the first-in, first-out method
Q330: Crone Corporation uses the first-in, first-out method
Q331: Hutchcroft Corporation uses the weighted-average method in
Q332: Anders Incorporated uses the weighted-average method in
Q334: Rauzman Corporation uses the first-in, first-out method
Q335: Holling Incorporated uses the weighted-average method in
Q336: A number of companies in different industries
Q337: Some companies use process costing and some
Q338: In July, one of the processing departments
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents