TF Qu. 12-108 Two methods of computing equivalent... Two methods of computing equivalent whole units are the LIFO and the weighted average methods. True or False True False TF Qu. 12-83 Process costing is used for products... Process costing is used for products produced in mass quantities through a continuous process that provides similar Inputs to each unit produced. True or False True False TF Qu. 12-79 Job-order cost systems are used by... Job-order cost systems are used by many service businesses, process cost systems are not applicable to service businesses True or False True False