Regarding the adjusted$-$allocation rate approach in the year$-$end accounting adjustments, read the following statements and determine which, if any, are true:

Statement $1$: The result of using the adjusted$-$allocation rate approach in the year$-$end accounting adjustments is that at year$-$end, every job$-$cost record $-$ as well as the ending WIP Control, FG Control, and COGS accounts $-$ represent actual manufacturing overhead costs incurred.

Statement $2$: The widespread adoption of computerized accounting systems has greatly reduced the cost of using this method.

Statement $3$: This approach offers the benefit of both timeliness and convenience of normal costing during the year and the allocation of the entire manufacturing overhead costs at yearend.

Statement $1$ is true; Statement $2$ is false; Statement $3$ is true.

All three statements are false.

Statement $1$ is true, Statement $2$ is true, Statement $3$ is false.

Statement $1$ is false, Statement $2$ is false, Statement $3$ is true.

All three statements are true