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a job order cost system and a process cost system are two alternative methods for accumulating product costs.True or false?

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A job order cost system and a process cost system are two different methods for accumulating product costs.

In a job order cost system, costs are accumulated for each specific job or project. This system is typically used when the products being produced are unique, custom-made, or have specific customer requirements.

In a process cost system, costs are accumulated for each process or department involved in the production of a product. This system is typically used when the products being produced are similar and the production process is repetitive.

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