Bruce Company Experienced an Event That Affected Its Financial Statements

Multiple Choice

Bruce Company experienced an event that affected its financial statements as indicated below: What type of product costing system is being used by this company?
$$\begin{array} { | c | c | c | c | c | c | c | c | c | c | c | c | } \hline { \text { Assets } } &&& = & \text { Liab. } & + & \text { Equity } & \text { Rev. } & - & \text { Exp. } & = & \text { Net Inc. } \\\hline \begin{array} { c } \text { WIP } \\\text { Mixing }\end{array} & + & \begin{array} { c } \text { WIP } \\\text { Packing }\end{array} & & & & & & & & & \\\hline ( 10,500 ) & + & 10,500 & = & \text { NA } & + & \text { NA } & \text { NA } & - & \text { NA } & = & \text { NA } \\\hline\end{array}$$

A) Job-order cost system
B) Hybrid cost system
C) Process cost system
D) None of these.