Which of the following statements is false regarding job-order costing? Multiple Choice It is used for manufacturing companies, but not service companies. It can be used to calculate a job's unit product cost. It accumulates each job's costs on a job cost sheet. It is used in situations where many different products, each with unique features, are produced each period. In the Excel, or spreadsheet, approach to recording financial transactions, cash paid to creditors is recorded as a decrease in the Cash column and as a decrease in the Retained Earnings column. True or False True False