Question: There is no difference in the unit costs computed under the weighted-average and FIFO methods of process costing if there are no ending work in

There is no difference in the unit costs computed under the weighted-average and FIFO methods of process costing if there are no ending work in process inventories.

True or False?

In activity-based costing, unit product costs computed for external financial reports include direct materials, direct labor, and only a part of manufacturing overhead costs.

True or False?

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