Types 1 through 3 are common to both job order and process costing. They are presented in this chapter to provide a more complete illustration and to build upon the general discussion of cost accumulation in chapter 4. Types 1, 2, and 8 generally are recorded during the accounting period, on the dates of or shortly after the transactions. Types 4 through 7 are often recorded only in summary from at the end of a period. Type eight types of entries and describes job costing for Rayburn Company. Figure 5-2 summarizes the flow of costs through Rayburn’s work in process, finished goods, and cost of goods sold accounts during January. The rest of this chapter will explain and elaborate on each part shown in figure 5-2