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9. A process costing system: A uses a separate Work in Process account for each processing department. B. uses a single Work in Process account for the entire company. C. uses a separate Work in Process account for each type of product produced. D. does not use a Work in Process account in any form 10. Which of the following characteristics applies to process costing? A. the need for averaging Direct Labor costs. B. the use of equivalent units of production. C. separate, identifiable jobs. D. the use of a job costs card 11. Process costing would be appropriate for each of the following except: A custom furniture manufacturing, B. oil refining C. grain milling. D. newsprint production 12. If beginning work in process inventory contains 500 units that are 60% complete, then the inventory contains: A. 500 equivalent units B. 300 equivalent units C. 500 completed units D. cannot determine without more data 13. Conversion cost is: A. The total amount of product costs transferred to the next department or finished goods. B. Direct Labor and Direct Material cost C. The actual costs incurred to convert a product to finished goods. D. Direct Labor cost plus manufacturing overhead