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Which of the following statements is false with respect to job-order costing and process costing? Multiple Choice The flow of costs through the manufacturing accounts
Which of the following statements is false with respect to job-order costing and process costing?
Multiple Choice
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The flow of costs through the manufacturing accounts is basically the same in both systems.
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Both systems use the same basic manufacturing accounts, including Manufacturing Overhead, Raw Materials, Work in Process, and Finished Goods.
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Both systems compute unit product costs by department.
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Both systems assign materials, labor, and manufacturing overhead costs to products.
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