Question 3 (1 point) True or false: Equivalent Unit calculations are required if there is no WIP inventory to account for True False Question 4 (1 point) Which industries would most likely use "process costing" accounting techniques mines, paper manufacturers, car manufacturers designer shoe manufacturers, meat packing plants, dairies custom boat builders, meat packing plants, dairies oil refineries, meat packing plants, road construction companies Question 5 (1 point) Where WIP inventories exist, front line production managers may be required to all of the listed answers are correct none of the listed answers are correct provide accurate estimates of % completions re. WIP provide both accurate counts of WIP unit #'s & their respective % completions provide accurate counts of fully completed unit #'s