Indicate whether each of the following statements is true or false.
Most manufacturers use three accounts to report inventory on the balance sheet.______
The Work in Process Inventory account includes completed units that are ready for sale.______
For a manufacturer,the cost of materials received is recorded in the Work in Process Inventory account.______
For a manufacturer,the costs of materials,labor,and estimated overhead are recorded in the Work in Process Inventory account.______
At the end of the period,the balances that remain in the Raw Materials Inventory,Work in Process Inventory,and Finished Goods Inventory accounts are reported on the balance sheet.______

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The Answer of Indicate whether each of the following statements is true or false.
Most manufacturers use three accounts to report inventory on the balance sheet.______
The Work in Process Inventory account includes completed units that are ready for sale.______
For a manufacturer,the cost of materials received is recorded in the Work in Process Inventory account.______
For a manufacturer,the costs of materials,labor,and estimated overhead are recorded in the Work in Process Inventory account.______
At the end of the period,the balances that remain in the Raw Materials Inventory,Work in Process Inventory,and Finished Goods Inventory accounts are reported on the balance sheet.______

Indicate Whether Each of the Following Statements Is True or False