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Equivalent units are defined as the number of units completed and transferred out of work-in- process inventory during the current period. A. True B. False

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Equivalent units are defined as the number of units completed and transferred out of work-in- process inventory during the current period. A. True B. False Internal service centers generate only costs and no revenues. A. True B. False The step method of cost allocation recognizes that service centers provide support to other service centers A. True B. False

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