1 When comparing the two process costing methods for the same company, equivalent units computed under the FIFO method will always be less than or equal to equivalent units computed under the weighted-average method. True or false 2 The equivalent units in the ending work in process inventory will be different under the FIFO and the weighted-average methods of process costing True or false 3 The cost per equivalent unit for conversion costs will always be the same under both the FIFO and the weighted-average methods if there is no beginning work in process inventory. True or false 4Under the FIFO method of product costing, equivalent units of production consider units in the beginning inventory as if they were started and completed during the current period. True or False 5. The equivalent units of production for a department using the FIFO process costing method is equal to the number of units completed plus the equivalent units in the ending inventory True or False 6. The cost per equivalent unit under the FIFO method of process costing is equal to the cost added during the period divided by the equivalent units of production for the period. True or False 7. From the standpoint of cost control, the FIFO method of process costing is superior to the weighted-average method. True or False In the cost reconciliation report under the FIFO method, the costs to be accounted for equals the cost of ending work in process inventory plus the costs added during the period. True or False 9. In the cost reconciliation report under the FIFO method, the costs accounted for equals the cost of units transferred out plus the costs added during the period. True or false 10.Any difference in the equivalent units calculated under the weighted average and the FIFO methods is due to the units in the ending work in process inventory.. True or False 1 When comparing the two process costing methods for the same company, equivalent units computed under the FIFO method will always be less than or equal to equivalent units computed under the weighted-average method. True or false 2 The equivalent units in the ending work in process inventory will be different under the FIFO and the weighted-average methods of process costing True or false 3 The cost per equivalent unit for conversion costs will always be the same under both the FIFO and the weighted-average methods if there is no beginning work in process inventory. True or false 4Under the FIFO method of product costing, equivalent units of production consider units in the beginning inventory as if they were started and completed during the current period. True or False 5. The equivalent units of production for a department using the FIFO process costing method is equal to the number of units completed plus the equivalent units in the ending inventory True or False 6. The cost per equivalent unit under the FIFO method of process costing is equal to the cost added during the period divided by the equivalent units of production for the period. True or False 7. From the standpoint of cost control, the FIFO method of process costing is superior to the weighted-average method. True or False In the cost reconciliation report under the FIFO method, the costs to be accounted for equals the cost of ending work in process inventory plus the costs added during the period. True or False 9. In the cost reconciliation report under the FIFO method, the costs accounted for equals the cost of units transferred out plus the costs added during the period. True or false 10.Any difference in the equivalent units calculated under the weighted average and the FIFO methods is due to the units in the ending work in process inventory.. True or False