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Indicate which of the following statements is NOT correct: Total costs in a job cost system are determined at the end of each job, whereas
Indicate which of the following statements is NOT correct: Total costs in a job cost system are determined at the end of each job, whereas a process costing system determines total costs at the end of each period. O Manufacturing costs are assigned the same way in a job order costing and in a process costing system. Both a job order costing system and a process costing system track the same three manufacturing costs - direct materials, direct labor, and manufacturing overhead. A job order costing system uses only one work in process account, whereas a process costing system uses multiple work-in-process accounts
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