Which One of the Following Is a True Statement About

question 59

Multiple Choice

Which one of the following is a true statement about process cost systems?

• A)In process cost systems, costs are accumulated and assigned.
• B)A process cost system has one Work in Process account for each job.
• C)In process cost systems, costs are summarized by batch.
• D)Unit costs are ignored in process cost systems because they are identical.

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