True/False

1. The average method may be considered simpler than the FIFO method but it is not necessarily more accurate than the latter.
2. Under average costing, the equivalent production for materials and conversion costs are combined regardless of whether material are added evenly or unevenly during process.
3. When abnormal losses occurs at the end of the process, the adjustment for lost units is based on completed units.
4. Under average costing, the equivalent production for materials and conversion costs are combined regardless of whether material are added evenly or unevenly during process.
5. When abnormal loss occurs at the end of the process, the adjustment for loss units is based on completed units.