17 Which of the following statement(s) is(are) TRUE about job order costing and process costing systems? Select all that apply.

Group of answer choices Below:

A job order costing system accumulates costs for each unique batch or job.

Some examples of job order costing system products are tax returns by accounting firms, homes by a custom builder, and recordings by a music studio.

A job order costing system is best used in repetitive high-volume production.

A process costing system transfers costs at the end of the accounting period.

A process costing system is primarily used by companies that produce unique products or jobs.