Identify Which One of the Following Statements Is True

question 38

Multiple Choice

Identify which one of the following statements is true.

• A) Both process costing and job- order costing use multiple work- in- process accounts.
• B) Job- order costing uses a single work- in- process account and process costing uses multiple work- in- process accounts.
• C) Process costing uses a single work- in process account and job- order costing uses multiple work- in- process accounts.
• D) Both process costing and job- order costing use a single work- in- process account.

---

Definitions:

Store Replenishment

The process of moving goods from a warehouse or distribution center to the retail shelves to maintain stock levels.

Retail Event

Special occasions organized by retailers, such as sales or promotions, aimed at increasing customer traffic and sales.

Collaborative Assortment

The selection and management of product range carried out in partnership between retailers and suppliers to optimize sales.

Supply Chain Partnership

A strategic alignment between different parties in the supply chain, aiming to improve efficiency, reduce costs, and enhance product or service quality through collaboration.