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true or false 13. The prices paid for the most recent purchases are used to cost the ending inventory when the FIFO method is used....................................................................................

true or false

13. The prices paid for the most recent purchases are used to cost the ending inventory when the FIFO method is used.................................................................................... _________

14. If rework to correct defective units resulted from the exacting specifications of the order, Factory Overhead should be debited for the cost of the rework...................... _________

15. If materials on hand are less than the control account balance, Factory Overhead should be debited and Materials credited for the difference............................................ _________

16. ............ A just-in-time inventory system is a push inventory system

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