Short Answer
Indicate whether each of the following statements about process costing systems is true or false.
Process costing systems use the same general ledger accounts as job-ordering cost systems.______
Job-order costing systems accumulate product costs by departments.______
In a process costing system,as units are transferred from one processing department to another,their costs are transferred to finished goods inventory.______
In a process costing system,the movement of costs parallels the physical movement of products.______
In a process costing system,each batch has its own Work in Process account.______
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