Test bank cost accounting 6e by usry USRY 06 process costing theory q

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... fifo method of process costing differs from the average cost method of process costing in that fifo: A allocates costs based on whole units, but the average cost method uses equivalent units... used D equivalent production in ending inventory is separated from other transferred-in costs E a weighted average of unit costs is used Process Costing 12 The average and fifo process costing. .. the process B a fifo costing method is used C lost unit costs are computed separately D an average costing method is used E errors must have occurred in recording costs 15 In order to compute equivalent
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