Question 10 Which of the following is NOT the characteristic of process costing? The use of equivalent units of production outputs. The use of averaging-out costing approach. The use of a single company-wide Work-in-Process account. The use of a separate production cost report for each manufacturing department. In computing the "costs per equivalent unit", the weighted-average method includes: Current costs plus costs in beginning Work-in-Process inventory Current costs less costs in ending Work-in-Process inventory O Current costs only O Current costs plus costs in ending Work-in-Process inventory If a department adds all necessary materials at the end of its process, the completion level for ending Work-in-process inventory in terms of materials would be: O 0% under both the weighted average and FIFO methods. O 100% under the weighted average method but 0% under the FIFO method. 0% under the weighted-average method but 100% under the FIFO method. 100% under both the weighted average and FIFO methods