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18. A company has two processing departments: A and B. Which of the following entries or sets of joumal entries would be used to record the transfer between processing departments and company has two processing departments A and B Which of the following entries or sets from the final processing department to finished goods? Work in Proces-Department A Work in Process Department B A) Work in Process-Department B Finished Goods 'ti. . B) Finished Goods Work in Process C) Work in Process-Department B Work in Process-Department A Work in Process-Department B Work in Process Department A Work in Process-Department B Cost of Goods Sold D) Finished Goods Finished Goods xoxX A Option A B. Option EB C. Option C D Option D 19 A process costing system A uses a separate Work in Process account for each processing department B uses a single Work in Process account for the entire company C uses a separate Work in Process account for each type of product produced D does not use a Work in Process account in any form 20 A company should use process costing, rather than job order costing if A production is only partially completed during the accounting period B. the product is manufactured in batches only as orders are received C. the product is composed of mass-produced homogeneous units D the product goes through several steps of production 21. Which of the following statements regarding job-order costing and process costing is FALSE? A Both systems use the same basic manufacturing accounts B. Job-order costing uses manufacturing overhead, process costing does not apply manufacturing overhead C Both systems have the same basic purposes-assigning costs to products D. The flow of costs through the manufacturing accounts is basically the same

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