Which of the following statements concerning job-order costing is TRUE? Job-order costing applies costs to specific jobs which may consist of a single unit or a few similar units. Job-order costing deals with great masses of similar items. Job-order costing is not a common system used in product costing. Job-order costing is used by the chemical industry In job-order costing, the journal entry to record the application of factory overhead costs to jobs includes a debit to _____. Factory Department Overhead Applied Finished Goods Inventory Work-in-process Inventory Factory Department Overhead Control Gilmore Company manufactures tape dispensers. The Assembly Department reported the follow data for the past month: The partially complete units at the end of the month were 100 percent complete with respect to materials and 40 percent complete with respect to conversion costs. The unit cost of conversion costs is _____. exist3.42 exist24.00 exist3.00 exist3.24