True or false:

___1. A work order costing system and a process costing system are two alternative methods of valuing inventory. ___2. A company can use a work order costing system or a process costing system, but not both. ___3. Managerial accounting applies to all forms of business organizations. ___4. Determining the unit cost of manufacturing a product is a function of financial accounting. ___ 5. The managerial function of organization and direction is primarily concerned with setting goals and objectives for the entity.