1.) Which one of the following occurs in a process cost system?

A. The unit cost is total manufacturing costs incurred divided by the units completed at the end of production.

B. One work in process account is used to accumulated costs.

C. Total costs are determined when the finished product is completed.

D. Costs are accumulated in a production cost report.

2.) In determining the units completed and transferred out, the units in ending work in process are

A. ignored.

B. deducted from total units to be accounted for.

C. added to total units to be accounted for.

D. added to units started into production.

3.) The cost reconciliation schedule shows that the total

A. costs accounted for equal the total units accounted for.

B. costs accounted for equal the total costs to be accounted for.

C. units to be accounted for equal the total costs to be accounted for.

D. units to be accounted for equal the total units accounted for.

4.) In determining the units completed and transferred out, the units in ending work in process are

A. deducted from total units to be accounted for.

B. added to total units to be accounted for.

C. ignored.

D. added to units started into production.