All of the following statements are correct when referring to process costing except:
A. Costs are accumulated by department.
B. A process costing system has the same basic purposes as a job-order costing system.
C. Units produced are indistinguishable from each other.
D. Process costing would be appropriate for a movie studio that makes a handful of hit movies per year.
E. Process costing would be appropriate for a breakfast cereal manufacturer