Which of the following statements is incorrect with regard to the production cost report prepared in a company's first processing department? A. Total equivalent units for a product cost category never exceeds total physical units. B. Total costs to account for equals the sum of direct material costs plus manufacturing overhead costs added during the period. C. The production cost report assigns costs to units in the department's ending work in process inventory and units completed and transferred out during the period. D. The cost per equivalent unit represents the cost to complete a unit. E. The direct material percentage of completion for units in ending inventory may be less than 100%. Time Remaining: 02:27:43 Next