Material is added at the beginning of a process in a process costing system. The beginning Work in Process Inventory for the process was 30% complete as to conversion costs. Using the FIFO method of costing, the number of equivalent units of material for the process during this period is equal to which of the following? (Points : 1)

a) beginning inventory this period for the process b) units started and completed this period in the process c) units started this period in the process plus the beginning Work in Process Inventory d) units started and completed this period plus the units in ending Work in Process Inventory

Which of the following is true when standard costs are used in process costing?

a) variances can be measured during the production period b) total costs rather than current production and current costs are used c) process costing calculations are made simpler d) the weighted average method of calculating EUPs makes computing transferred-out costs easier

Which of the following is true about a continuous loss? (Points : 1)

a) A continuous loss occurs unevenly throughout a process. b) A continuous loss never occurs during the production process. c) A continuous loss always occurs at the same place in a production process. d) A continuous loss occurs evenly throughout the production process.