Question 3 Which of the following statements about a process costing system is incorrect? Not yet answered Marked out of 1.00 Select one: a. In a process costing system, each processing department has a work in process account. b. In a process costing system, equivalent units are separately computed for materials and for conversion costs. c. In a process costing system, overhead can be underapplied or overapplied just as in job-order costing d. In a process costing system, materials costs are traced to units of products. Barraza Corporation uses a weighted average process costing system. Barraza has two direct materials. One of these material is added at the beginning of the production process. The other material is added when processing is 50% complete. When will the equivalent units of production for these two materials be equal - Select one a. when processing on beginning work in process is less than 50% complete at the start of the period, b. when processing on beginning work in process is more than 50% complete at the start of the period. 6 when processing on ending work in process is over 50complete d. when processing on ending work in process is less than 50% complete 1-04 MacBook Air * 80, 888 W U J