Question: Select the incorrect statement regarding cost flows through a process costing system. Multiple Choice Product costs are accumulated separately by job. The process costing system

Select the incorrect statement regarding cost flows through a process costing system.
Multiple Choice
Product costs are accumulated separately by job.
The process costing system is patterned after the physical flow of products as they move through the production process.
The three inventory accounts used are maintained on a perpetual basis.
A separate Work in Process account is maintained for each department or process.
Select the incorrect statement regarding cost flows through a process costing

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