ECONOMICS

Detailed explanation-1: -Cost of goods sold is not used in a job-order cost system. B. A process cost accounting system is appropriate for unique products that are produced in batches or jobs.

Detailed explanation-2: -Companies in the white-collar sector of business, including law firms, accounting businesses, and private investment companies, can utilize job order costing to manage individual client accounts. For example, accounting firms can consider each individual client a job.

Detailed explanation-3: -For example: Say a customer bought shoes personalized with their name written on the sides and shoelaces made of cotton, rather a basic nylon material. Since this order is unique, a business would use job order costing to create a unique price to charge the customer for their custom-made shoe.

Detailed explanation-4: -White Collar Businesses Companies in the white collar sector of business, including law firms, accounting businesses and private investment companies, can utilize job order costing to manage individual client accounts. For example, accounting firms can consider each individual client a job.