Question: Which of the following statements is true? a . A work - in - process inventory account is not used when using process costing. b
Which of the following statements is true?
a A workinprocess inventory account is not used when using process costing.
b Process costing is used only for services.
c The job cost sheet is subsidiary to the work in process account.
d Joborder costing is ideal for homogeneous products that are produced in large volumes.
e Manufacturing overhead is a part of manufacturing costs only in a joborder costing approach.
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