... Related exercise material: BE 2-8 , E 2-2 , E 2-3 , E 2-4 , E 2-6 , E 2-7 , E 2-1 0, and Do it! 2-3 ADVANTAGES AND DISADVANTAGES OF JOB ORDER COSTING An advantage of job order costing is it is more precise ... BE 2-3 , BE 2-4 , BE 2-7 , E 2-2 , E 2-7 , E 2-8 , and Do it! 2-2 ASSIGNING COSTS TO FINISHED GOODS When a job is completed, Wallace summarizes the costs and completes the lower portion of the applicable job ... 69 JWCL162_c02_05 4-0 97.qxd 70 7/8/09 2:04 PM Page 70 chapter Job Order Costing SUMMARY OF JOB ORDER COST FLOWS Illustration 2-1 6 (below) shows a completed flowchart for a job order cost accounting...