In order to make up the process cost system, the company involves which of the following steps in preparing a production cost report?

i. compute the physical units flow

ii. compute the equivalent units of production

iii. compute the unit production costs

iv. prepare of a cost reconciliation schedule.

Select one:

a. ii and iii

b. i, ii, and iii

c. i, iii, and iv

d. all of above