3 Which of the following will not influence the calculation of equivalent units when the FIFO cost LO6 flow assumption is used? a. Units processed in prior departments. b. Ending inventory units d. Wages payable c. Beginning inventory units d. Units sold QUESTIONS 1. What are the important differences between job order and process costing systems? 2. How are all manufacturing costs for a series of processing departments accumulated into finished goods L01,2 inventory? 3. Why do unit cost computations in a manufacturing process require equivalent unit computations? 4. Why do we say that process cost accounting is basically an averaging computation? 5. What is meant by the term equivalent unit? 6. What are conversion costs? LO2, LO3 LO3 LO3 Why must we sometimes compute equivalent units separately for materials and for conversion costs? accounting method. In what special situation are there only two layers? current-period costs must end up either being transferred out or in ending work in process inventory? LO3 7. 8. Describe the three layers" of inventory that are typically involved in a period's production under the FIFO Loe LO 9. Why is it true that in each department's work in process inventory account all beginning inventory and