Question: Identify the each statement below as either true or false. 1. Service companies cannot use process costing. 2. Job cost sheets accumulate cost per equivalent

Identify the each statement below as either true or false.

1. Service companies cannot use process costing.
2. Job cost sheets accumulate cost per equivalent unit.
3. Process costing uses several Work in Process Inventory accounts.
4. Costs per job are computed in both job order and process costing systems.

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