Top 2 Methods of Costing | Accounting

The following points highlight the top two methods of costing. The methods are: 1. Specific Order Costing 2. Continuous Operation Costing. Method # 1. Specific Order Costing: CIMA defines specific order costing us "the basic costing method applicable where the work consists of separate contracts, jobs or batches, each of which is authorized by a special order or contract." Specific [...]