Which of the Following Statements Referring to a Production Report

question 37

Multiple Choice

Which of the following statements referring to a production report is not correct?

• A) The quantity schedule deals with physical units, not whole units.
• B) The total "Costs to be accounted for" must equal the total cost of the units completed and transferred out, plus the cost of the ending work-in-process inventory.
• C) The equivalent units in the ending work-in-process inventory will be different if the weighted-average method is used than it will be if the FIFO method is used.
• D) The total of the "Units to be accounted for" will equal the total of the "Units accounted for."

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