COSTING METHODS MEMO



Memorandum

To: Mr. Manager, Caterpillar Inc

From: XYX

Date: XX/XX/XXXX

Subject: Costing Methods

Thank you, for the providing in an opportunity for explaining the Costing Methods of the Caterpillar Inc.

Job Costing or Process Costing

Job costing engages the calculation of costs that are involved in the manufacturing or construction of goods complete in separate batches. In order words, this process assigns costs to custom products or services. It is just like manufacturing a luxury machine or a dozen of machines of the similar design termed as batch. Here each job or batch is unique and if it is not then it is ...