Job order costing : Job order costing is applied to the businesses which manufactures products or provide the services according to the client’s order. Job order costing is done for a particular job. Process Costing System: As its name suggests, process costing system is the branch of cost accounting which is applied where production of a product takes a range of processes to complete for example the production of shoes from leather goes through cutting, stitching and policing. To indicate: The Journal entry to record Sales Revenue.

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Chapter 2, Problem 4.2GAP

To determine

Concept introduction:

Job order costing:

Job order costing is applied to the businesses which manufactures products or provide the services according to the client’s order. Job order costing is done for a particular job.

Process Costing System:

As its name suggests, process costing system is the branch of cost accounting which is applied where production of a product takes a range of processes to complete for example the production of shoes from leather goes through cutting, stitching and policing.

To indicate:

The Journal entry to record Sales Revenue.

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