Deloit and Touch is a famous strategy company with excellent track record in advising companies in the field of Managerial Accounting. Which of their following statements is true and in accordance with your knowledge of Managerial Accounting? Multiple Choice A process costing system will have a single Work in Process Inventory account. process costings O O a proces cosing syster A process costing system will have a separate Work in Process Inventory account for each of the major processes. O a jos costing system will now A job costing system will have a separate Work in Process Inventory account for each of the major processes. O A process costing system will have a separate Raw Materials Inventory account for each of the major processes