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Job Order Cost Accounting htt
10f6
highered.mograw-hill.com/sites/0077338073/student_viewOleb.
Fundamental Accounting
Principles, eBook
20/e
Content.
Chapter19: Job Order Cost Accounting
Job Order Cost Accounting
.788 This section describes a cost accounting system and job order production and costing.
Cost Accounting System
‘An ever-increasing number of companies use a cost accounting system to generate timely and accurate
inventory information. A cost accounting system records manufacturing activities using a perpetual
inventory system, which continuously updates records for costs of materials, goods in process, and
finished goods inventories. A cost accounting system also provides timely information about inventories
‘and manufacturing costs per unit of product. This is especially helpful for managers’ efforts to control
costs and determine selling prices. (A general accounting system records manufacturing activities
using a periodic inventory system. Some companies still use a general accounting system, but its use is
declining as competitive forces and customer demands have increased pressures on companies to
better manage inventories.)
Point: Cost accounting systems accumulate costs and then assign them to products and services.
The two basic types of cost accounting systems are job order cost accounting and process cost
accounting. We describe job order cost accounting in this chapter. Process cost accounting is explained
in the next chapter.
Job Order Production
C1 Describe important
features of job order
production.
Many companies produce products individually designed to meet the needs of a specific customer.
Each customized product is manufactured separately and its production is called job order production,
1 job order manufacturing (also called customized production, which is the production of products in
response to special orders). Examples of such products include synthetic football fields, special-order
machines, a factory building, custom jewelry, wedding invitations, and artwork.
‘The production activities for a customized product represent a job. The principle of customization is
equally applicable to both manufacturing and service companies. Most service companies meet
customers’ needs by performing a custom service for a specific customer. Examples of such services
include an accountant auditing a client's financial statements, an interior designer remodeling an office,
‘a wedding consultant planning and supervising a reception, and a lawyer defending a client. Whether
the setting is manufacturing or services, job order operations involve meeting the needs of customers
by producing or performing custom jobs.
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Boeing's aerospace division is one example of a job order production system. Its primary business
‘twofold: (1) design, develop, and integrate space carriers and (2) provide systems engineering and
integration of Department of Defense (DoD) systems. Many of its orders are customized and produced
through job order operations.
‘When a job involves producing more than one unit of a custom product, it is often called a job lot.
Products produced as job lots could include benches for a church, imprinted T-shirts for a 10K race or
‘company picnic, or advertising signs for a chain of stores. Although these orders involve more than one
unit, the volume of production is typically low, such as 50 benches, 200 T-shirts, or 100 signs. Another
feature of job order production is the diversity, often called heterogeneity, of the products produced.
Namely, each customer order is likely to differ from another in some important respect. These variations
can be minor or major.
4 Decision Insight
‘ustom Design Managers once saw companies as the center of a solar system orbited by suppliers
ind customers. Now the customer has become the center of the business universe. Nike allows
sustom orders over the Internet, enabling customers to select materials, colors, and to personalize
their shoes with letters and numbers. Soon consumers may be able to personalize almost any
oduct, from cellular phones to appliances to furniture. *
Events in Job Order Costing
The initial event in a normal job order operation is the receipt of a customer order for a custom product.
This causes the company to begin work on a job. A less common case occurs when management
decides to begin work on a job before it has a signed contract. This is referred to as jobs produced on
speculation.
Step 1: Predict the cost to complete the job. This cost depends on the product design prepared by
either the customer or the producer.
Step 2: Negotiate price and decide whether to pursue the job. Other than for government or other
cost-plus contracts, the selling price is determined by market factors. Producers evaluate the market
price, compare it to cost, and determine whether the profit on the job is reasonable. If the profit is not
reasonable, the producer would determine a desired target cost.
Step 3: Schedule production of the job. This must meet the customer's needs and fit within the
‘company’s own production constraints. Preparation of this work schedule should consider workplace
facilities including equipment, personnel, and supplies. Once this schedule is complete, the producer
‘can place orders for raw materials. Production occurs as materials and labor are applied to the job.
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Point: Some jobs are priced on a cost-plus basis: The customer pays the manufacturer for costs
inourred on the job plus @ negotiated amount or rate of profit,
‘An overview of job order production activity is shown in Exhibit 19.1. This exhibit shows the March
production activity of Road Warriors, which installs security devices into cars and trucks. The company
converts any vehicle by adding alarms, reinforced exterior, bulletproof glass, and bomb detectors. The
company began by catering to high-profile celebrities, but it now caters to anyone who desires added
security in a vehicle.
Job order production for Road Warriors requires materials, labor, and overhead costs. Recall that direct
materials are goods used in manufacturing that are clearly identified with a particular job. Similar,
direct labor is effort devoted to a particular job, Overhead costs support production of more than one
job. Common overhead items are depreciation on factory buildings and equipment, factory supplies,
supervision, maintenance, cleaning, and utilities.
Exhibit 19.1 shows that materials, labor, and overhead are added to Jobs B15, B16, B17, B18, and B19,
which were started during March. Special ties and bulletproof glass are added to Jobs 815 and 816,
while Job B17 receives a reinforced exterior and bulletproof glass. Road Warriors completed Jobs B15,
B16, and B17 in March and delivered Jobs 815 and B16 to customers. At the end of March, Jobs 818
and B19 remain in goods in process inventory and Job B17 is in finished goods inventory. Both labor
and materials costs are also separated into their direct and indirect components. Their indirect amounts
are added to overhead, Total overhead cost is then allocated to the various jobs.
Point: Many professional exeminations including the CPA and CMA exams require knowledge of job
order and process cost accounting.
EXHIBIT 19.1 Job Order Production Activities
Manufacturing Costs Gonads in Process
Dimct ates
Goods Sold
es a =
(tu | By 2 | By
am —*) ap
te
erat
Mei
} 4 Decision Insight a
[Target Costing Many producers determine a target cost for their jobs. Target cost is determined as,
follows: Expected selling price ~ Desired profit= Target cost. If the projected target cost of the job as
jetermined by job costing is too high, the producer can apply value engineering, which is a method of
letermining ways to reduce job cost unti the target cost is met. *
Job Cost Sheet
General ledger accounts usually do not provide the accounting information that managers of job order
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cost operations need to plan and control production activities. This is so because the needed
information often requires more detailed data. Such detailed data are usually stored in subsidiary
records controlled by general ledger accounts. Subsidiary records store information about raw
materials, overhead costs, jobs in process, finished goods, and other items. This section describes the
use of these records.
C2 Explain job cost sheets
and how they are used in
job order cost
accounting,
‘A major aim of a job order cost accounting system is to determine the cost of producing each job or
job lot. In the case of a job lot, the system also aims to compute the cost per unit. The accounting
system must include separate records for each job to accomplish this, and it must capture information
about costs incurred and charge these costs to each job.
A job cost sheet is a separate record maintained for each job. Exhibit 19.2 shows a job cost sheet for
an alarm system that Road Warriors produced for a customer. This job cost sheet identifies the
‘customer, the job number assigned, the product, and key dates. Costs incurred on the job are
immediately recorded on this sheet. When each job is complete, the supervisor enters the date of
‘completion, records any remarks, and signs the sheet. The job cost sheet in Exhibit 19.2 classifies costs
as direct materials, direct labor, or overhead. It shows that a total of $600 in direct materials is added to
Job B15 on four different dates. It also shows seven entries for direct labor costs that total $1,000. Road
Warriors allocates (also termed applies, assigns, or charges) factory overhead costs of $1,600 to this
job using an allocation rate of 160% of direct labor cost (160% $1,000)—we discuss overhead
allocation later in this chapter.
Point: Factory overhead consists of costs (other than direct materials and direct labor) that ensure the
production activities are carried out.
Cost Flows: During Production While a job is being produced, its accumulated costs are kept in
Goods in Process Inventory. The collection of job cost sheets for all jobs in process makes up a
subsidiary ledger controlled by the Goods in Process Inventory account in the general ledger. Managers
Use job cost sheets to monitor costs incurred to date and to predict and control costs for each job.
EXHIBIT 19.2 Job Cost Sheet
‘Anaisis Options Repods Window Holp
ECEcuenas
‘Customer's Namo | Caroll Connor JobNo. 815
Address | 1542 High Point Ox Gity & State [——~ Walbu, Calera
Job Description | vel 1 Alarm Syatem on Ford Expecion_ :
Date promised | — March 15 Date started) March Date completed | Warch 17
we _[Twerete| con | aw [nso [on
aazort | Uso | dao | 3nV20H | Terrot | 160000
araon | names | 22500 | awaon | Lowe | 16000 Disc
sero | Ra725 | 12000 | amon | Lowe | 12000 Labor
anozon | R477 95.00 | s8z011 Lae 60.00 _
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onl | cast | ee i
fan| ie | cee
perl ey | ord a
‘Total [600.00 ‘Votal [7000.00 — ‘Tota! [750005
a pea EET a
Fe googie se
Labor [700000 —
‘Ovorhoad [T55000—
(Signed: C. Luther, Supervisor ‘Total cost [3,200.00
Cost Flows: Job Completion When a job is finished, its job cost sheet is completed and moved from
the jobs in process file to the finished jobs file. This latter fle acts as a subsidiary ledger controlled by
the Finished Goods Inventory account.
Cost Flows: Job Delivery When a finished job is delivered to a customer, the job cost sheet is moved
toa permanent file supporting the total cost of goods sold. This permanent file contains records from
both current and prior periods. When the job is finished, the company also prepares a journal entry that
credits Sales and debits Cash (or Accounts Receivable).
Point: Documents (electronic and paper) are crucial in a job order system, and the job cost sheet is a
‘comerstone. Understanding it aids in grasping concepts of capitalizing produet costs and product cost
flow.
Decision Maker
Management Consultant One of your tasks is to control and manage costs for a consulting company.
t the end of a recent month, you find that three consulting jobs were completed and two are 60%
somplete. Each unfinished job is estimated to cost $10,000 and to earn a revenue of $12,000. You are
lunsure how to recognize goods in process inventory and record costs and revenues. Do you
;cognize any inventory? If so, how much? How much revenue is recorded for unfinished jobs this
jonth? *
ick Check
. of these products is likely to involve job order production? (a) inexpensive watches, (b)
racing bikes, (c) bottled soft drinks, or (d) athletic socks.
2. What is the difference between a job and a job lot?
3. Which of these statements is correct? (a) The collection of job cost sheets for unfinished jobs
makes up a subsidiary ledger controlled by the Goods in Process Inventory account, (b) Job
cost sheets are financial statements provided to investors, or (c) A separate job cost sheet
maintained in the general ledger for each job in process.
4, What three costs are normally accumulated on job cost sheets?
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Fundamental Accounting
Principles, eBook
20!e
Content
Chapter19: Job Order Cost Accounting
Job Order Cost Flows and Reports
p. 780
Materials Cost Flows and Documents
Materials
1 Describe and record the
flow of materials costs in
job order cost
accounting,
This section focuses on the flow of materials costs and the related documents in a job order cost
accounting system. We begin analysis of the flow of materials costs by examining Exhibit 19.3. When
materials are first received from suppliers, the employees count and inspect them and record the items’
quantity and cost on a receiving report. The receiving report serves as the source document for
recording materials received in both a materials ledger card and in the general ledger. In nearly all job
order cost systems, materials ledger cards (or files) are perpetual records that are updated each time
Units are purchased and each time units are issued for use in production.
To illustrate the purchase of materials, Road Warriors acquired $450 of wiring and related materials on
March 4, 2011. This purchase is recorded as follows,
Point: Some companies certify certain suppliers based on the quality oftheir materials. Goods received
from these suppliers are not always inspected by the purchaser to save costs.
Assets = Liabilities + Equity
450 0
Mond Raw Material ventory M347 oocscvsseseceosess 450
Accounts Payable 450
To recor purchose of materi for prodecton.
EXHIBIT 19.3 Materials Cost Flows through Subsidiary Records
Jon mis
‘arm Sse Wir,
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Exhibit 19.3 shows that materials can be requisitioned for use either on a specific job (direct materials)
or as overhead (indirect materials). Cost of direct materials flows from the materials ledger card to the
job cost sheet. The cost of indirect materials flows from the materials ledger card to the Indirect
Materials account in the factory overhead ledger, which is a subsidiary ledger controlled by the Factory
(Overhead account in the general ledger.
Exhibit 19.4 shows a materials ledger card for material received and issued by Road Warriors. The card
identifies the item as alarm system wiring and shows the iter’s stock number, its location in the
storeroom, information about the maximum and minimum quantities that should be available, and the
reorder quantity. For example, alarm system wiring is issued and recorded on March 7, 2011. The job
cost sheet in Exhibit 19.2 showed that Job B15 used this wiring
EXHIBIT 19.4 Materials Ledger Card
MATERIALS LEDGER CARD oad Warriors
[i cena vies) EE oo 7]
ees
pes ite oe fo ee ee
Date | Number Uns) Price fo fe: eS
v4i2011
37/2011
‘When materials are needed in production, a production manager prepares a materials requisition and
sends ito the materials manager. The requisition shows the job number, the type of material, the
quantity needed, and the signature of the manager authorized to make the requisition. Exhibit 19.5
‘shows the materials requisition for alarm system wiring for Job B15. To see how this requisition ties to
the flow of costs, compare the information on the requisition with the March 7, 2011, data in Exhibits
19.2 and 19.4.
Point: Requisitions are often accumulated and recorded in one entry. The frequency of entries depends
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on the job, the industry, and management procedures.
EXHIBIT 19.5 Materials Requisition
=> MATERIALS REQUISITION No. R-4705 |
| @ Road Warriors |
1 eee cate |
obwo,_____8is__)foate__saon__))
Material Description Alarm systom wiring | |
Material Stock No.
Date Provided 7/201
Material Received By _C. Luther
The use of alarm system wiring on Job B15 yields the following entry (locate this cost item in the job
cost sheet shown in Exhibit 19.2).
or 7 Goods in Process Inventory —Job BIS... =... 25
Raw Materials Inventory M347.
Te recor use of moteril on fob BIS.
Liabilities + Equity
This entry is posted both to its general ledger accounts and to subsidiary records. Posting to subsidiary
records includes a debit to a job cost sheet and a credit to a materials ledger card. (Note: An entry to
record use of indirect materials is the same as that for direct materials except the debit is to Factory
Overhead. In the subsidiary factory overhead ledger, this entry is posted to Indirect Materials.)
Labor Cost Flows and Documents
P2 Describe and record the
flow of labor costs in job
order cost accounting.
Labor
Exhibit 19.6 shows the flow of labor costs from clock cards and the Factory Payroll account to
subsidiary records of the job order cost accounting system. Recall that costs in subsidiary records give
detailed information needed to manage and control operations.
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EXHIBIT 19.6 Labor Cost Flows through Subsidiary Records
‘The flow of costs in Exhibit 19.6 begins with clock cards. Employees commonly use these cards to
record the number of hours worked, and they serve as source documents for entries to record labor
costs. Clock card data on the number of hours worked is used at the end of each pay period to
determine total labor cost. This amount is then debited to the Factory Payroll account, a temporary
account containing the total payroll cost (both direct and indirect). Payroll cost is later allocated to both
specific jobs and overhead
According to clock card data, workers eared $1,500 for the week ended March 5. Illustrating the flow of
labor costs, the accrual and payment of these wages are recorded as follows.
Poi
Many employee fraud schemes involve payroll, including overstated hours on clock cards.
Point: In the accounting equation, we treal accounts such as Factory Payroll and Factory Overhead as
temporary accounts, which hold various expenses until they are allocated to balance sheet or income
statement accounts.
Assets = Liabilities + Equity
-1,500
1,500
1,500
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(8 on Corporate Standard Tim
I:lases an hour of your pay every das.”
To assign labor costs to specific jobs and to overhead, we must know how each employee's time is
used and its costs. Source documents called time tickets usually capture these data. Employees
regularly fill out time tickets to report how much time they spent on each job. An employee who works
‘on several jobs during a day completes a separate time ticket for each job. Tickets are also prepared for
time charged to overhead as indirect labor. A supervisor signs an employee's time ticket to confirm its
accuracy.
Exhibit 19.7 shows a time ticket reporting the time a Road Warrior employee spent working on Job B15.
The employee's supervisor signed the ticket to confirm its accuracy. The hourly rate and total labor cost
‘are computed after the time ticket is turned in, To see the effect of this time ticket on the job cost sheet,
look at the entry dated March 8, 2011, in Exhibit 19.2
EXHIBIT 19.7 Time Ticket
| Ss TIME TICKET
Road Warriors
‘Los Angeles, California Employee Name_| Employee Number
T.Zal
|
3969
TIME AND RATE INFORMATION:
‘StartTime | FinishTime | ElapsedTime
9:00 12:00 3
When time tickets report labor used on a specific job, this cost is recorded as direct labor. The following
entry records the data from the time ticket in Exhibit 19.7.
Mar 8 Goods in Process Inventory —job BIS. oo
Factory Payroll... on 60
To record rect labor used on Job BIS.
Assets = Liabilities + Equity
+60 60
The debit in this entry is posted both to the general ledger account and to the appropriate job cost
sheet. (Note: An entry to record indirect labor is the same as for direct labor except that it debits Factory
‘Overhead and credits Factory Payroll. In the subsidiary factory overhead ledger, the debit inthis entry is
posted to the Indirect Labor account.)
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Overhead Cost Flows and Documents
Factory overhead (or simply overhead) cost flows are shown in Exhibit 19.8. Factory overhead includes
all production costs other than direct materials and direct labor. Two sources of overhead costs are
indirect materials and indirect labor. These costs are recorded from requisitions for indirect materials,
and time tickets for indirect labor. Two other sources of overhead are (1) vouchers authorizing payments
for items such as supplies or ules and (2) adjusting entries for costs such as depreciation on factory
assets.
Overhead
P3 Describe and record the
flow of overhead costs in
job order cost
accounting,
Factory overhead usually includes many different costs and, thus, a separate account for each is often
maintained in a subsidiary factory overhead ledger. This ledger is controlled by the Factory Overhead
‘account in the general ledger. Factory Overhead is a temporary account that aocumulates costs until
they are allocated to jobs,
Recording Overhead Recall that overhead costs are recorded with debits to the Factory Overhead
‘account and with credits to other accounts such as Cash, Accounts Payable, and Accumulated
Depreciation—Equipment. In the subsidiary factory overhead ledger, the debits are posted to their
respective accounts such as Depreciation Expense—Equipment, Insurance Expense—Werehouse, or
‘Amortization Expense—Patents.
EXHIBIT 19.8 Overhead Cost Flows through Subsidiary Records
Toiillustrate the recording of overhead, the following two entries reflect the depreciation of factory
equipment and the accrual of utilities, respectively, for the week ended March 6
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Assets = Liabilities + Equity
600 600
Assets = Liabilit Equity
2 250
Man Factory Overhead «.... ee : 600
‘Accumulated Depreciation Equipment 0
To record deprecation on focory equipment
Man Fatory Overhead «.... Lee 250
Usilities Payable. ebvedgn ata ncawany 250
To record he ocr of fctry ves
Exhibit 19.8 shows that overhead costs flow from the Factory Overhead account to job cost sheets.
Because overhead is made up of costs not directly associated with specific jobs or job lots, we cannot
determine the dollar amount incurred on a specific job. We know, however, that overhead costs
represent a necessary part of business activities. Ifa job cost is to include all costs needed to complete
the job, some amount of overhead must be included. Given the difficulty in determining the overhead
amount for a specific job, however, we allocate overhead to individual jobs in some reasonable manner.
Overhead Allocation Bases We generally allocate overhead by linking it to another factor used in
production, such as direct labor or machine hours. The factor to which overhead costs are linked is
known as the allocation base. A manager must think carefully about how many and which allocation
bases to use. This managerial decision influences the accuracy with which overhead costs are allocated
to individual jobs. In turn, the cost of individual jobs might impact a manager's decisions for pricing or
performance evaluation. In Exhibit 19.2, overhead is expressed as 160% of direct labor. We then
allocate overhead by multiplying 160% by the estimated amount of direct labor on the jobs.
Overhead Allocation Rates We cannot wait until the end of a period to allocate overhead to jobs
because perpetual inventory records are part of the job order costing system (demanding up-to-date
costs). Instead, we must predict overhead in advance and assign it to jobs so that a job’s total costs can
be estimated prior to its completion. This estimated cost is useful for managers in many decisions
including setting prices and identifying costs that are out of control. Being able to estimate overhead in
advance requires a predetermined overhead rate, also called predetermined overhead allocation (or
application) rate. This rate requires an estimate of total overhead cost and an allocation factor such as
total direct labor cost before the start of the period. Exhibit 19.9 shows the usual formula for computing
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a predetermined overhead rate (estimates are commonly based on annual amounts). This rate is used
during the period to allocate overhead to jobs. It is common for companies to use multiple activity
(allocation) bases and multiple predetermined overhead rates for different types of products and
services.
Point: The predetermined overhead rate is computed at the start of the period and is used throughout
the period to allocate overhead to jobs.
Point: Predetermined overhead rates can be estimated using mathematical equations, statistical
analysis, or professional experience,
EXHIBIT 19.9 Predetermined Overhead Allocation Rate Formula
Estimated
activity base
Estimated
overhead costs.
Predetermined overhead rate =
Recording Allocated Overhead To illustrate, Road Warriors allocates overhead by linking it to direct
labor. At the start of the current period, management predicts total direct labor costs of $125,000 and
total overhead costs of $200,000. Using these estimates, management computes its predetermined
overhead rate as 160% of direct labor cost ($200,000 + $125,000). Specifically, reviewing the job order
cost sheet in Exhibit 19.2, we see that $1,000 of direct labor went into Job B15. We then use the
predetermined overhead rate of 160% to allocate $1,600 (equal to $1,000 * 1.60) of overhead to this,
job. The entry to record this allocation is,
Example: If management predicts total direct labor costs of $100,000 and total overhead costs of
$200,000, what is its predetermined overhead rate? Answer: 200% of direct labor cost.
Assets = Liabilities + Equity
+1,600 1,600
Mart Goods in Process Inventory BIS... 1.600
Factory Overhead o.oo ceeseses ss 1600
To essign overhead to Job BIS.
Since the allocation rate for overhead is estimated at the start of a period, the total amount assigned to
jobs during a period rarely equals the amount actually incurred. We explain how this difference is
treated later in this chapter.
Decision Ethics Answer — p. 793
/eb Consultant You are working on seven client engagements. Two clients reimburse your firm for
jctual costs plus a 10% markup. The other five pay a fixed fee for services. Your firm's costs include
wverhead allocated at $47 per labor hour. The managing partner of your firm instructs you to record as.
any labor hours as possible to the two markup engagements by transferring labor hours from the
ther five. What do you do? *
Summary of Cost Flows
We showed joumnal entries for charging Goods in Process Inventory (Job B15) with the cost of (1) direct
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materials requisitions, (2) direct labor time tickets, and (3) factory overhead. We made separate entries
for each of these costs, but they are usually recorded in one entry. Specifically, materials requisitions
are often collected for a day or a week and recorded with a single entry summarizing them. The same is
done with labor time tickets. When summary entries are made, supporting schedules of the jobs
charged and the types of materials used provide the basis for postings to subsidiary records.
Point: Study the flow of manufacturing costs through general ledger accounts and job cost sheets. Use
Exhibit 19.11 as reinforcement.
To show all production cost flows for a period and their related entries, we again look at Road Warriors’
activities. Exhibit 19.10 shows costs linked to all of Road Warriors’ production activities for March. Road
Warriors did not have any jobs in process at the beginning of March, but it did apply materials, labor,
and overhead costs to five new jobs in March. Jobs 815 and B16 are completed and delivered to
customers in March, Job B17 is completed but not delivered, and Jobs B18 and B19 are still in process,
Exhibit 19.40 also shows purchases of raw materials for $2,750, labor costs incurred for $5,300, and
overhead costs of $6,720.
EXHIBIT 19.10 Job Order Costs of All Production Activities
pea
ea ete
Centar Lene e Cy
con
Asal OR onal
Sd Cee eee ee
Coe
$ 600 $1,000 i600 92200
300 130 2380
so 1.100 760 00
10700 ino $1970
0 _wo isto
Teo “4200
550 $550
14091109
"2350
1
3750
x)
‘The upper part of Exhibit 19.11 shows the flow of these costs through general ledger accounts and the
end-of-month balances in key subsidiary records. Arrow lines are numbered to show the flows of costs
for March. Each numbered cost flow reflects several entries made in March. The lower part of Exhibit
19.11 shows summarized job cost sheets and their status at the end of March. The sum of costs
assigned to the jobs in process ($1,970 + $1,810) equals the $3,780 balance in Goods in Process
Inventory shown in Exhibit 19.10. Also, costs assigned to Job B17 equal the $3,360 balance in Finished
Goods Inventory. The sum of costs assigned to Jobs B15 and B16 ($3,200 + $2,380) equals the $5,580
balance in Cost of Goods Sold,
EXHIBIT 19.11 Job Order Cost Flows and Ending Job Cost Sheets
37772013 3:
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Goods in Process Finished Goods Cost of
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