Select the Incorrect Statement Regarding Cost Flows Through a Job-Order

question 142

Multiple Choice

Select the incorrect statement regarding cost flows through a job-order cost system.

• A) Product costs are accumulated separately by job.
• B) The job order cost system is patterned after the physical flow of products as they move through the production process.
• C) The three inventory accounts used are maintained on a perpetual basis.
• D) Costs are averaged for all jobs produced within a department.

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Definitions:

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A set of individuals or items selected from a wider population.

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