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Cost Accounting Systems
Systems utilized by businesses to track, record, and analyze costs associated with their operations, facilitating decision-making and financial planning.
Job Order Cost System
An accounting system that accumulates costs for each individual job or project to determine its total costs.
Job Order Costing System
A cost accounting system that accumulates manufacturing costs separately for each job or order, suitable for customized products.
Work in Process Account
An account used in accounting to track the costs associated with partially completed goods in the manufacturing process.
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