Which of the following statements is false with respect to job-order costing and process costing?

Both systems are used in situations where identical units of a single product are produced on a continuous basis.

The flow of costs through the manufacturing accounts is basically the same in both systems.

Both systems assign materials, labor, and manufacturing overhead costs to products.

Both systems use the same basic manufacturing accounts, including Manufacturing Overhead, Raw Materials, Work in Process, and Finished Goods.