se direct materials, direct labor, and overhead may enter a process at varying stages, equivalent units in

Work$-$in$-$Process Inventory may be different for each of these components of production.

True

False

Question $3(0\mathrm{.}4$ points$)$

When using a process costing system, product costs are tracked by department rather than by job.

True

False

Question $4(0\mathrm{.}4$ points$)$

When using process costing, only one companywide Work$-$in$-$Process account is allowed for tracking

product costs.

True

False