part 1 true or false

20. Activity-based costing can be used to allocate period costs to various products that the company sells. 21. Information about costs developed through a job order cost system cannot be used to evaluate an organization's cost performance. 22. In applying the first-in, rst-out method of costing inventories, if 8,000 units which were 30% completed are in process at June 1, 28,000 units were completed during June, and 4,000 units were 75% completed at June 30, the number of equivalent units of production forJune was 33,400. 23. If factorsr overhead applied exceeds the actual costs, overhead is said to be underapplied