3. Which is the best cost accumulation procedure to use when there is a continuous mass production of like units?
A. Process.
B. Standard.
C. Job order.
D. ABC.
E. None of these.
(Multiple Choice)
4. An equivalent unit of material is equal to:
A. the amount of material necessary to complete one unit of production.
B. a unit of work in process inventory.
C. the amount of material necessary to start a unit of production into work in process.
D. fifty percent of the material cost of a unit of finished goods.
E. None of these.

5. To apply process costing, there is no need to decide on a specific methods such as FIFO or weighted-average.(true or false)