T F 1. A process manufacturer produces products that are indistinguishable from each other using a continuous production process.

T F 2. Three categories of units are recorded on the Cost of Production report whole units, equivalent units for direct materials, and equivalent units for conversion costs.

T F 3. Whole units are the total number of units handled in the department.

T F 4. Conversion cost per equivalent unit equals total conversion costs for the period divided by total equivalent units of conversion costs.

T F 5. Product costs must be allocated to the units transferred out of the department and the partially completed units on hand at the end of the period.

T F 6. GM is a process manufacturer.

T F 7. The cost of factory overhead incurred for indirect materials and other factory overhead is recorded in the direct labor account for each department.

T F 8. Coca-Cola is a job order manufacturer.

T F 9. Direct labor is assumed to be added in each department.

T F 10. The cost of units sold is transferred to the finished goods account