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15) Which of the following statements regarding a process cost system is false? (2pts) Unit...

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Accounting

15) Which of the following statements regarding a process cost system is false? (2pts)

Unit cost is determined for a designated period of time.

Unit costs are computed for each department.

The number of equivalent whole units for a period takes into account the stage of completion of ending Work in Process Inventory.

Use of a process cost system would be appropriate for a company that manufactures luxury yachts.

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