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Identify the false statement regarding how product costs in a manufacturing company differ from product costs in a service or merchandising company. Question 32 options:
Identify the false statement regarding how product costs in a manufacturing company differ from product costs in a service or merchandising company. Question 32 options: A) Products of service companies such as restaurants are consumed immediately. B) Both manufacturing companies and service companies incur costs for supplies. C) Most labor costs for merchandising companies are treated as product costs. D) Manufacturing companies accumulate product costs in inventory accounts, while service companies do not.
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