The following journal entry would be made in a processing costing system when units that have been completed with respect to the work done in Processing Department Z are transferred from Processing Department Z to Processing Department Y: Work in Process, Department Y XXX Work in Process, Department Z XXX

True

False

2. A process costing system:

does not use a Work in Process account in any form.

uses a single Work in Process account for the entire company.

uses a separate Work in Process account for each processing department.

uses a separate Work in Process account for each type of product produced.