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Select the incorrect statement regarding the cost of production report. Multiple Choice The report consists of two sections, a units section and a costs section.

Select the incorrect statement regarding the cost of production report.

Multiple Choice

  • The report consists of two sections, a units section and a costs section.

  • The report is produced monthly by job or batch.

  • The cost inputs on the report come from the work in process account.

  • The report indicates the cost of units transferred out.

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