Both job-order cost and process cost systems track direct materials, direct labour and manufacturing overhead.

True

False

The Coronado Company began the period with no units in process and 79600 units in Finished Goods inventory. During the period they sold 281000 units and also had the following at the end of the period:

Finished goods (units)	39900
Work-in-process (50% conversion complete)	11200

Equivalent units for the period totalled

315100.

281000.

241300.

246900.