Question: TRUE/FALSE? 1 )In process costing, the equivalent units computed for materials is generally the same as that computed for conversion costs. 2) When materials are

TRUE/FALSE?

1 )In process costing, the equivalent units computed for materials is generally the same as that computed for conversion costs.

2) When materials are purchased in a process costing system, a work in process account is debited with the cost of the materials.

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