Schmoldt, Incorporated uses a process-costing system. Their accountant identified the following procedures that must be performed by the close of business on Friday. Which of the following correctly expresses the proper order of the preceding tasks?

1. Calculation of equivalent units, 2. Analysis of physical flows of units, 3. Assignment of costs to completed units and units still in process, 4. Calculation of unit costs

1.Calculation of equivalent units, 2. Analysis of physical flows of units, 3. Calculation of unit costs, 4. Assignment of costs to completed units and units still in process

1. Calculation of equivalent units, 2. Calculation of unit costs, 3. Assignment of costs to completed units and units still in process, 4. Analysis of physical flows of units

1. Analysis of physical flows of units, 2. Calculation of equivalent units, 3. Calculation of unit costs, 4. Assignment of costs to completed units and units still in process

1. Analysis of physical flows of units, 2. Calculation of equivalent units, 3. Assignment of costs to completed units and units still in process, 4. Calculation of unit costs