1- Accountant A says that Process operations involve the mass production of similar products in a continuous flow. Accountant B says that with a Just In Time production system, inventory levels may be low.

Who is right?

Multiple Choice

• Accountant A is right.
• Accountant B is right.
• Both accountants are right.
• Neither accountant is right.

2-

Accountant A says that the fifth step in Process operations is to assess the previous steps for anything out of the ordinary and to make adjustments. Accountant B says that given the cost incurred in a period EUP is the number of partial units that could have been started.

Who is right?

Multiple Choice

• Accountant A is right.
• Accountant B is right.
• Both accountants are right.
• Neither accountant is right.