Question: Which of the following is true about a process costing system? A process costing system cannot use standard costs A process costing system restates Work

Which of the following is true about a process costing system?

A process costing system cannot use standard costs 

A process costing system restates Work in Process Inventory in terms of completed units 

A process costing system accumulates costs by the job rather than by department 

A process costing system assigns direct labor and manufacturing overhead costs separately to units of production

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