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

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.