TRUE OR provided Indicate whether the following statements are true of false by inserting in the blank space Ia capital "T" for true or "F" for false. 1. Process costing is used when identical units are produced through an ongoing series of uniform steps. 2. A utility such as the water company would typically use a process costing system. 3. If processing departments are arranged in a parallel manner, all units will go through all departments. 4. Costing is more difficult in a process costing system than it is in a job- order costing system. 5. In a process costing system, the cost of production report takes the place of the job cost sheet. 6. Process and job-order costing are similar in that costs are accumulated (and unit costs are computed) for each separate customer order. 7. In a process costing system, a Work in Process account is maintained for each department. 1800 8. It is important to identify labor costs with each customer order in a process costing system. 9. Operation costing employs aspects of both job-order and process costing systems. 10. Since costs are accumulated by department, there is no need for a Finished Goods inventory account in a process costing system. 11. In a process costing system, costs incurred in one department remain there rather than being transferred on to the next department. 12. On a production report, labor and overhead costs are often adde together and called conversion costs. 13. If materials are added 100% at the beginning of the process, then t work in process, end will get 100%. 14. The purpose of the quantity schedule is to show the costs charged to t department: 15. If all units do go through all processing departments, then departments are probably arranged in a sequential pattern.