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All the following statements about a process costing system are true, except for: Multiple Choice O The last production department transfers completed products to Finished

image text in transcribed All the following statements about a process costing system are true, except for: Multiple Choice O The last production department transfers completed products to Finished Goods. Each production department, other than the first one, receives output from the prior department as a partially process- product. Each of the three product costs can be charged to any of the production departments. Production costs are tracked throughout the process by using job cost sheets. The first production department does not receive output from a prior production department

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