1. Work-in-process is a current-asset account. a) True b) False 2. Finished goods are a non-current-asset account. a) True b) False 3. Process costing provides product-cost data on mass-produced products such as paper, steel, or electronics. a) True b) False 4. Products for process costing are the ones that are produced in physically continuous for a) True b) False 5. Job costing is generally used for custom-made products, but not for mass-produced products. a) True b) False 6. Components of product costs of process costing are the same as those of job order costing: direct materials, direct labor, and factory overhead. a) True b) False