 | Job-Order, Process, and Hybrid Cost Systems
1. Distinguish between job-order and process cost systems. |  |  |  | 2. Identify documentation used in a job-order cost system. |  |  |  | 3. Explain how events in a job-order cost system affect financial statements. |  |  |  | 4. Explain how events in a process cost system affect financial statements. |  |  |  | 5. Calculate equivalent units and prepare a cost of production report. |
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