(a) weighted aved to account for inventory flows in process costing are b. weighted average and FIFO c. FIFO and LIFO and LIFO d. FIFO and specif e. Actually, FIFO, Lific identification sometimes used. 4. In a process costing system, if materials are added at the very beginning of of the process in this processing center, then a. the number of equivalent units for material will be the same as total units in process during that period. b. equivalent units for materials will be the same as equivalent units for conversion. c. something is wrong because materials are never added at the beginning of roduction in a process center. . all of the answers above are correct. none of the answers above is correct. Which of the following is considered part of a financial budget? a. selling and administrative expenses budget b. direct labor budget c. cash budget d. sales budget The two primary functions of budgeting are coordination and cooperation. planning and control. participative and broad based. differential and future oriented. None of the answers above is correct. budget that is a comprehensive financial plan of action for the nization as a whole is called