Question: Question 4 Choose true or false as applicable for each of the following items as they pertain to reconciling costs and units each period. Group

Question 4

Choose "true" or "false" as applicable for each of the following items as they pertain to reconciling costs and units each period.

Group of answer choices

In calculating units TO BE accounted for, we need to know the number of units completed and transferred out of the department during the period.

[ Choose ] False True

In calculating units TO BE accounted for, we need to know the number of units in beginning work in process inventory.

[ Choose ] False True

In calculating units TO BE accounted for, we need to know the number of units transferred in from prior departments during the period.

[ Choose ] False True

In calculating units ACCOUNTED FOR, we need to know the number of units completed and transferred out of the department during the period.

[ Choose ] False True

In calculating units ACCOUNTED FOR, we need to know the number of units in ending work in process inventory.

[ Choose ] False True

The number of units transferred in must equal the number of units transferred out.

[ Choose ] False True

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