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Item17 2 points Time Remaining 1 hour 8 minutes 28 seconds01:08:28 ...

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Accounting

Item17
2
points
Time Remaining 1 hour 8 minutes 28 seconds01:08:28
eBookItem 17
Time Remaining 1 hour 8 minutes 28 seconds01:08:28
(Appendix 6A) Which of the following statements referring to a production report is not correct?
Multiple Choice
The quantity schedule deals with physical units, not whole units.
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.
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.
The total of the "Units to be accounted for" will equal the total of the "Units accounted for."

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