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Which of the following statements is FALSE? 1. There is no need to track individual costs under process costing since all the units are the

Which of the following statements is FALSE?

1. There is no need to track individual costs under process costing since all the units are the same.

2. Costs are accumulated by job or customer under job-order costing.

3. Process costing prepares a production report for each major product.

4. Job-order costing would be used for customized products.

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