1. Please answer the following to demonstrate your knowledge of these unit concepts. ( All of the follow are True / False based quesions )

A. Conversion costs include materials, direct labor, and factory overhead.True or False

B. Conversion costs are usually incurred evenly throughout a process. True or False

C. If the costs for direct materials, direct labor, and factory overhead were $277,300, $52,600, and $61,000, respectively, for 14,000 equivalent units of production, the total conversion cost was $390,900. True or False

D. In applying the first-in, first-out method of costing inventories, if 8,000 units which are 30% completed are in process at June 1, 28,000 units are completed during June, and 4,000 units were 75% completed at June 30, the number of equivalent units of production for June was 33,400. True or False

E. Equivalent units should be computed separately for direct materials and conversion costs.True or False

F. Costs are transferred, along with the units, from one work in process inventory account to the next in a process costing system. True or False

G. In a process costing system, the cost per equivalent unit is computed before computing equivalent units. True or False

H. In a process costing system, indirect materials are charged to Work in Process.True or False