 In this presentation, we will take a look at the flow of materials, labor, and overhead within a process cost system. In other words, we're going to track the materials, labor, and overhead as they flow through from the raw materials to the finished goods within a manufacturing company, a manufacturing company that uses a process cost system as opposed to a job cost system. When comparing the two systems from a job cost system and a process cost system, we'll see many similarities and a few differences. So we want to consider those two because every time we take a look at the process cost system, we really are contrasting it to the other type of manufacturing process which is a job cost system, keeping in mind those differences, also keeping in mind that we might have some companies that have some component of both a job cost system or process.