true or false

17. A basic requirement of the moving average method is that an average unit price must be computed every time a new lot of materials is received...................................... _________

18. .. The flow of materials dictates the inventory cost flow method used _________

19. .... Backflush costing is the accounting system used with a JIT system _________

20. Revenue from scrap sales may be reported as other income or as a reduction in manufacturing costs................................................................................................... _________