1. Electricity costs that were incurred by a company's production processes should be debited to Utilities Expense.
True
False
2 .The final step in recognizing the completion of production requires a company to debit Finished-Goods Inventory and credit Work-in-Process Inventory.
True
False
3. Under- or over-applied manufacturing overhead at year-end is most commonly charged or credited to Work-in-Process Inventory.
True
False
4. The term "normal costing" refers to the use of job-costing systems.
True
False