Which of the following statements about similarities between process costing and job-order costing are true? Gestion 18 of yet swered Gints out of 10 1. Both systems assign production costs to units of output. II. Both systems require extensive knowledge of financial accounting. III. The flow of costs through the manufacturing accounts is essentially the same. Remove flag Select one: a. I only. b. I and III. O cil and III. d. lll only Oe. I, II, and Ill