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Which of the Following Is NOT Be a True Statement

question 85

Multiple Choice

Which of the following is NOT be a true statement associated with the "summary of benefits" closing technique?

Calculate equivalent units of production for both materials and conversion costs.
Determine the cost per equivalent unit for materials and conversion costs.
Analyze the impact of beginning work in process inventory on unit costs.
Apply the FIFO method in process costing to compute equivalent units and costs.

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