7. Indicate which of the following statements is nor correct. (a) Both a job order and a process cost system track the same three manufacturing cost elements - direct materials, direct labor, and manufacturing overhead. (b) A job order cost system uses only one work in process account, whereas a process cost system uses multiple work in process accounts. (c) Manufacturing costs are accumulated the same way in a job order and in a process cost system. (d) Manufacturing costs are assigned the same way in a job order and in a process cost system. 8. Mora Company has 2,000 units in beginning work in process, 20% complete as to conversion costs, 23,000 units transferred out to finished goods, and 3,000 units in ending work in process 33,33% complete as to conversion costs. The beginning and ending inventory is fully complete as to materials costs. Equivalent units for materials and conversion costs are, respectively: (a) 22,000, 24,000. (c) 26,000, 24,000. (b) 24.000, 26,000. (d) 26,000, 26,000 9. Largo Company has unit costs of $10 for materials and $30 for conversion costs. If there are 2,500 units in ending work in process, 40% complete as to conversion costs, and fully complete as to materials cost, the total cost assignable to the ending work in process inventory is: (a) $45,000. (c) $75,000. (b) $55,000 (d) $100,000. 10. In a production cost report, units to be accounted for are calculated as: (a) Units started into production 1 Units in ending work in process. (b) Units started into production 2 Units in beginning work in process. c) Units transferred out 1 Units in beginning