69) Which of the following statements is true of process costing? A) It uses one Work in Process Inventory account. B) It accumulates product costs by production departments. C) It tracks and assigns both period costs and product costs to units produced. D) It assigns manufacturing overhead costs to products only in the last production process. 70) Which of the following is an example of appraisal costs? B) equipment maintenance costs D) warranty costs A) product testing cost C) employee training cost UE/FALSE. Write T if the statement is true and F'if the statement is false. 71) A merchandiser need not calculate cost per unit as it resells goods that are already manufactured. 72) Overallocated manufacturing overhead is adjusted by debiting the Cost of Goods Sold account