Somewhat like last week, I think our discussion time would be better spent discussing the topic we are studying this week: the process cost system.
Now that you understand the job order costs system, again compare the process cost system with what you learned last week. When is it appropriate to use the process cost system?
Keep in mind that our final objective is the same under both systems: assign product costs to each product we manufacture. Although the objective is the same, what are the principle differences between the process cost system and the job order cost system