Assume there was no beginning work in process Inventory and the ending work in process Inventory is 70% complete with respect to conversion costs. Under the weighted average method, the number of equivalent units of production with respect to conversion costs would be: Select one: O a. less than the units started during the period. o bless than the units completed. Od the same as the units completed. d. the same as the units started during the period. When computing the cost per equivalent unit, the weighted-average method of process costing considers: Select one: a. costs incurred during the current period plus cost of ending work in process inventory. b. costs incurred during the current period plus cost of beginning work in process inventory. el costs incurred during the current period less cost of beginning work in process inventory. d. costs incurred during the current period only. A process costing system is employed in those situations where: Select one: O a. full or absorption cost approach is not employed. O b. many different products, jobs, or batches of production are being produced each period. O c. where manufacturing Involves a single, homogeneous product that flows evenly through the production process on a continuous basis. O d. a service is performed such as in a law firm or an accounting firm Which of the following types of companies would typically use process costing rather than job-order costing? Select one: O a. A specialty equipment manufacturer. ob. A small appliance repair shop. O c. A manufacturer of commercial passenger aircraft. O d. A breakfast cereal manufacturer