8. Which of the following statements is (are) false? Perations costing accounts for material costs like job costing and conversion costs like process costing. (1) An automobile manufacturer is more likely to use an operations costing system than a process costing system. A. Only I is false. B. Only II is false. C. Both I and II are false. D. Neither I nor II is false. 9. Which of the following departments is not a service department in a typical manufacturing company? A. Assembly. B. Information processing. C. Accounting D. Human resources. 10. In a process costing system, the application of factory overhead usually would be recorded as an increase in: A. Finished goods inventory control, B. Factory overhead control. C. Cost of goods sold. D. Work-in-process inventory control. 11. Desired ending inventory is 80% of beginning inventory. If cost of goods sold is $300,000, which of the following statements is TRUE regarding purchases? A. Purchases will be more than cost of goods sold. B. Purchases will be less than cost of goods sold. C. Purchases will be 80% of the beginning inventory. D. Cannot be determined from the information above. 8. Which of the following statements is (are) false? Perations costing accounts for material costs like job costing and conversion costs like process costing. (1) An automobile manufacturer is more likely to use an operations costing system than a process costing system. A. Only I is false. B. Only II is false. C. Both I and II are false. D. Neither I nor II is false. 9. Which of the following departments is not a service department in a typical manufacturing company? A. Assembly. B. Information processing. C. Accounting D. Human resources. 10. In a process costing system, the application of factory overhead usually would be recorded as an increase in: A. Finished goods inventory control, B. Factory overhead control. C. Cost of goods sold. D. Work-in-process inventory control. 11. Desired ending inventory is 80% of beginning inventory. If cost of goods sold is $300,000, which of the following statements is TRUE regarding purchases? A. Purchases will be more than cost of goods sold. B. Purchases will be less than cost of goods sold. C. Purchases will be 80% of the beginning inventory. D. Cannot be determined from the information above