Which of the following statements is incorrect with regard to the production cost report prepared in a companys first processing department?

A.

The cost per equivalent unit represents how much it costs to complete one unit in the department during the period.

B.

Total costs to account for include product costs in the departments beginning work in process inventory and product costs added to its work in process during the period.

C.

Total equivalent units for a product cost category could never exceed total physical units.

D.

The production cost report assigns costs to units in the departments ending work in process inventory and units completed and transferred out during the period.

E.

Equivalent units represent the number of units that were completed in each product cost category given the costs incurred.