The EUP will be the same under FIFO method and weighted average methos if there is no beginning work in process inventory. Il. In process costing the cost per unit in a department is found by spreading the period's production costs over the production activity
1.
I. The EUP will be the same under FIFO method and weighted average methos if there is no beginning work in process inventory.
Il. In
a. Both statements are false.
b. Only statement I is true.
c. Only statement Il is true.
d. Both statements are true
2.
I. Under the weighted average method, the equivalent units used to compute the unit costs of ending inventories relate only to work done during the current period.
Il. Discrete production losses are assumed to occur uniformly throughout the process.
a. Both statements are true.
b. Only statement Il is true
c. Both statements are false.
d. Only statement I is true.
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