Question: Identify the each statement below as either true or false. 1. Process costing uses several Work in Process Inventory accounts. 2. Job order costing

Identify the each statement below as either true or false. 1. Process costing uses several Work in Process Inventory accounts. 2. Job order costing measures unit costs upon completion of a job. 3. Job cost sheets accumulate cost per equivalent unit. 4. The cost per equivalent unit is computed as the total costs of a process divided by the number of equivalent units passing through that process.

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