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Which of the following statements about companies that use processing costing is false? A processing department is an organizational unit where work is performed on

Which of the following statements about companies that use processing costing is false?

  • A processing department is an organizational unit where work is performed on a product and where materials, labor, or overhead costs are added to the product.

  • Costs are accumulated by department.

  • Raw material costs are added only to the first processing department.

  • A separate Work in Process account is maintained for each processing department.

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