The last step in the accounting procedure for process costing is the calculatio

The last step in the accounting procedure for process costing is the calculation of equivalent units of production.
A) False
B) True
2. The closer a company moves towards Just in Time production the differences in unit costs between average costing and FIFO will be reduced.
A) True
B) False
3. Conversion and direct materials are generally both added at the end of the production process.
A) True
B) False
4. In a process costing system costs flow into finished goods inventory only from the work in process inventory of the last manufacturing
process.
A) True
B) False
5. Costs of ending work in process inventory are included in the cost per equivalent unit computation.
A) True
B) False