Which of the following statement(s) is (are) correct? 1. It is easy to distinguish the balance sheet of a company that uses a process costing system from that of a company that uses job-order costing. II. A process cost system requires a work in process account for each processing department, while a job order system uses a single work in process account. III. Process cost systems use multiple Finished Goods Inventory accounts. Multiple Choice 0 I, II and III O only 0 ll only 0 O ll and