Final answer:
A job order cost system typically uses multiple work in process accounts to track the costs of individual jobs, while a process cost system may use just one work in process account to pool costs.
Step-by-step explanation:
The statement is false. A job order cost system typically uses multiple work in process (WIP) accounts. In this system, each job is assigned a separate WIP account to track the cost of materials, labor, and overhead for that specific job. This allows for more accurate cost allocation and easier tracking of costs for individual jobs.
On the other hand, a process cost system, such as an assembly line production, may use only one WIP account since the production process is continuous and does not require separate tracking for each individual job. The costs incurred in the production process are pooled into a single WIP account.
In conclusion, a job order cost system uses multiple WIP accounts, while a process cost system typically uses just one WIP account.