ACC 561 Wk 4 Discussion – Costing Systems

Post a total of 3 substantive responses over 2 separate days for full participation. This includes your initial post and 2 replies to other students. 

Due Thursday

Product costing systems are methods used to manage inventories. Accounting systems primarily engage one of three costing systems at a time: job order costing, process-based costing, or activity-based costing. 

Respond to the following in a minimum of 175 words: 

• Briefly explain each of the three costing systems in accounting. 

• Discuss the situations in which each system would be best employed by a business. 

Due Monday 

Reply to at least 2 of your classmates. Be constructive and professional in your responses.