II. True or False 1. Th 2. Costs e focus of a process cost system is the cost center to which costs are assigned. accumulated by a cost center are divided by the number of units produced in that cost center to compute the cost per unit. department are needed to assign the costs. method and the first-in, first-out (FIFO) method. 3. In a process cost system, detailed labor-time records for an employee who only works in one 4. Two procedures are commonly used for assigning costs to the inventories are the average cost 5. A production report shows only the number of units in the beginning work in process. serves as a source for summary journal entries that are posted to the work in process account. added to the production costs incurred in the current period added to the production costs incurred in the current period. measure such as volume, weight, size, or grade 6. A cost of production summary presents the necessary information for inventory valuation and 7. Under the average cost method, the cost of the work in process at the beginning of the period is 8. Under the average cost method, the cost of the work in process at the beginning of the period is 9. Some of the typical bases for apportionment of joint costs to joint products are physical units of 10The focus of a process cost system is the cost center