Bennett builders builds 1,500-square-foot starter tract homes in the fast-growing suburbs of seattle. land and labor are cheap, and competition among developers is fierce. the homes are "cookie-cutter," with any upgrades added by the buyer after the sale. bennett builders' cost per developed sublot are as follows:

Which one of the following statements is correct? process costing systems use periodic inventory systems. process costing systems assign costs to departments or processes for a time period. companies that produce many different products or services are more likely to use process costing systems. production is continuous when a job-order costing is used to ensure that adequate quantities are on hand.