Which of the following statements about process costing system is incorrect?

Responses

In a process costing system, each processing department has a work in process account.

In a process costing system, each processing department has a work in process account.

In a process costing system, equivalent units are separately computed for materials and for conversion costs.

In a process costing system, equivalent units are separately computed for materials and for conversion costs. ,

In a process costing system, overhead can be under- or overapplied just as in job-order costing.

In a process costing system, overhead can be under- or overapplied just as in job-order costing. ,

In a process costing system, materials costs are traced to units of products.