Job order manufacturing and process manufacturing are two major costing systems used in manufacturing. Briefly contrast the characteristics of these two systems.
A)Cost of production report
B)Equivalent units of production
C)First-in, first-out (FIFO) method
D)Last-in, first-out (LIFO) method
E)Whole units
F)Yield

Job Order Manufacturing

A production system in which goods are manufactured based on specific customer orders, allowing for customization of products.

Process Manufacturing

A production method that produces goods by combining supplies, ingredients, or raw substances using a formula or recipe, often resulting in a batch of finished goods.