Which of the following characteristics does not apply to job order cost accounting? Multiple Choice 0 Equivalent units of production. 0 Use of job cost sheets. 0 Aims to compute the cost per unit of product. 0 Use of a single Work in Process Inventory account. Identifiable units of production. Which of the following statements is most accurate? Multiple Choice O It is not possible for there to be a significant difference between the cost of completed units between the weighted average and the FIFO methods. O In process costing, estimating the degree of completion of units is usually more accurate for conversion costs than for direct materials. O The FIFO method includes the cost of the beginning Work in Process inventory account in calculating cost per equivalent units. O The FIFO method computes equivalent units based only on production activity in the current period, ignoring the percentage of completion in beginning Work in Process inventory. O C) The FIFO method of calculating equivalent units of production merges the work and the costs of the beginning inventory with the work and the costs done during the current period