Multiple Choice

In most manufacturing environments, it is not possible to conduct a physical count of units.

Companies often use a combination of a process costing and job order costing systems.

In most process costing systems, direct materials are added at the beginning of the process while conversion costs are added evenly

throughout the manufacturing process.

All the work to make a unit $100\%$ complete and ready to move to the next stage of production or to finished goods inventory may not

have been completed in a single time period.

In most cases, there is no difference between physical units and equivalent units of production.