Process cost accounting systems

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(2.5pts) 1) Under process costing, work in process captures costs by job rather than department. True False 2) "Normal" spoilage is charged off as a loss on the income statement (2.5pts) True False 3) In a process cost system, once the physical flow of units is determined, current production can be translated into equivalent units. True False 4) Process cost accounting systems: (2.5pts) employ job cost sheets often accumulate work in process amounts by department. do not allow for overhead allocations All of the above