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Please answer parts A, B, and C of this set of true and false questions! thanks. A.In calculating cost per equivalent unit under the weighted-average
Please answer parts A, B, and C of this set of true and false questions! thanks.
A.In calculating cost per equivalent unit under the weighted-average method, prior period costs are not combined with current period costs. True or False?
B.Under the weighted-average method, the equivalent units used to compute the unit costs of ending inventories relate only to work done during the current period.True or False?
C.When materials are purchased in a process costing system, a materials account is debited with the cost of the materials. True or False?
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