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This post addresses inventory costing systems.

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Please pick the best inventory costing system for the following businesses.
Answer

___Klein Co. a custom jewelry manufacturer
___Friday-Nite-Fuel, a company that makes a variety of energy drinks.
___Langley & Sons, PLLC, a small law firm specializing in criminal defense cases.
___Taggart, Industries; a manufacturing company that contracts with large automobile manufacturers to make various colors/styles of interior pieces like plastic trim and knobs.

Choices:
A. Process Costing
B. Job Costing

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Solution Summary

This solution provides the correct answer and explanation to the following question:

Please pick the best inventory costing system for the following businesses.
Answer

___Klein Co. a custom jewelry manufacturer
___Friday-Nite-Fuel, a company that makes a variety of energy drinks.
___Langley & Sons, PLLC, a small law firm specializing in criminal defense cases.
___Taggart, Industries; a manufacturing company that contracts with large automobile manufacturers to make various colors/styles of interior pieces like plastic trim and knobs.

Choices:
A. Process Costing
B. Job Costing

Solution Preview

Job costing B
Process costing A
Job costing B
Process costing A

Basically, we'd want to use job costing for jobs were they are ...

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