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

Multiple Choice

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

A) Product costs are accumulated separately by job.
B) The job-order costing 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.