1- Identify two products you purchased in the last year—one forunder $5 and one...

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Accounting

1- Identify two products you purchased in the last year—one forunder $5 and one for over $100—and indicate whether you think theywere accounted for using job order costing or process costing andwhy.

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Job order costing is a system of expense monitoring in which a business only creates products to fill customerclient orders Employees complete job order cost sheets for each order and usually separate expenses into three main categories direct material direct labor and manufacturing overhead Companies in many industries can use job order costing though a variety of product See Answer

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In: Accounting1- Identify two products you purchased in the last year—one forunder $5 and one for...1- Identify two products you purchased in the last year—one forunder $5 and one for over $100—and indicate whether you think theywere accounted for using job order costing or process costing andwhy.