MULTIPLE CHOICE $-$ Choose the one alternative that best completes the statement or answers the question.

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:

A$)$ the same as the units completed.

B$)$ less than the units completed.

C$)$ the same as the units started during the period.

D$)$ less than the units started during the period.

Under the weighted$-$average method, the cost of units transferred out of a department is computed as follows for a cost category:

A$)$ Costs added during the period $+$ Cost of beginning work in process inventory

B$)$ Units transferred to the next department $$ Cost per equivalent unit

C$)$ Units in ending work in process inventory $$ Cost per equivalent unit

D$)$ Cost of ending work in process inventory $-$ Cost of beginning work in process inventory

A process costing system is employed in those situations where:

A$)$ many different products, jobs, or batches of production are being produced each period.

B$)$ manufacturing involves a single, homogeneous product that flows evenly through production process on a continuous basis.

C$)$ a service is performed such as in a law firm or an accounting firm.

D$)$ full or absorption cost approach is not employed.