Question Help A number of terms are provided Click the icon to view the forms) Use the terms from the list to complete the following sentences (Click the icon to view the sentences) Complete the sentences below In process costing, the cost object is the entire production process. The method is used for mass produced items that are identical That is why a weighted average can be used to call the tool work in process to finished goods. A common denominator must be found because a physical unt 100% converted has cost more to produce than one that is only 50% covered and remains in work in process inventory. The benefits of the conversion process are unequally shared between the items in each type of inventory These conversion rates Calculated using a denominator called an equivalent unit first in first out the standard costing method the weighted average process costing method inspiru w ers and then gick Check