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Which of the following statements regarding the production cost report is correct? Calculating the unit production costs is the fourth step in the process. Direct

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Which of the following statements regarding the production cost report is correct? Calculating the unit production costs is the fourth step in the process. Direct materials are always added at the start of the process: therefore, you do not need to calculate equivalent units of production for direct materials. One production cost report summarizes the production and cost data for the entire company. Calculating the physical unit flow is the first step in the process

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