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Unformatted text preview: Chapter 16 . Illustration 15-2 Process cost system Can a company use both types of cost systems? Yes. For example, General Motors uses process cost accounting for its standard model cars, such as Saturns and Corvettes, and job order cost accounting for a custom-made limousine for the President of the United States. The objective of both cost accounting systems is to provide unit cost information for product pricing, cost control, inventory valuation, and financial statement presentation....
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- Fall '11